Key takeaways Rally likely a “dead cat bounce”: The sharp surge across US indices appears driven by short-covering and quarter-end positioning amid optimism over a potential US–Iran de-escalation, rather than a sustainable bullish reversal. Macro and technical backdrop still bearish: Longer-term charts show bearish reversal patterns across major indices, signalling deterioration in the broader uptrend […]
The post Chart Alert: US Stock Indices Rally Smells Like a Dead Cat Bounce – Outlook on S&P 500, Nasdaq 100, and Dow Jones (DJIA) appeared first on ActionForex.
