Will Stocks Continue to Fall on $MSFT & $GOOGL Earnings? | Midday Market Minute | 4.26.22
Posted: April 26, 2022, 2:23 p.m.
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The Inverse Head & Shoulder pattern is still very valid for the S&P 500, but we are trading below the uptrendline at 4200. Constructive technicals are still at play (but must close above 4230), leading into $GOOGL & $MSFT earnings after the bell.
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Crude Oil had a nice rally, back above $100, closing around $101.50. Wise not to chase it, but it is making higher lows on a daily basis. If China's lockdown ends, combined with their continuous bid for Oil, there could be more upside to come.
Gold & Silver are back to their respective support levels, but they could not make it past resistance.
US Dollar is rising, but the Yuan did not lose any ground.
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