In a key week for US earnings, Michael Hewson’s technical analysis video takes a look at the performance of the US stock market, the sterling/dollar rate and Apple.
- S+P 500 has seen a significant short-squeeze but we need to see some impressive earnings reports as client sentiment remains to the downside
- Cable saw a failed Evening Star candlestick pattern with the focus on Friday’s UK retail sales
- Apple has performed relatively well despite the recent tech sell off and may see further upside if we remain above the 200DMA at $515
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Video content by Michael Hewson of CMC Markets.
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