Sell Stop 2305.0. Stop-Loss 2322.0. Objectives 2275.0, 2256.0, 2243.0, 2220.0, 2200.0, 2190.0, 2170.0
Buy Stop 2322.0. Stop-Loss 23050.0. Objectives 2330.0, 2350.0, 2400.0
Overview and Dynamics
Investors continued to withdraw funds from safe assets such as gold, the yen, the US government bonds last week. All three major US indices (Dow Jones Industrial Average, S&P500, Nasdaq Composite) updated its highs on Friday and ended the week higher.
ICE dollar index closed Friday at its highest level (100.80) since the final January 19. The ICE index grew an eighth consecutive session. Investors also expect the Fed this year will raise rates by 2-3 times.