Three Must-See Charts on S&P 500, China Stocks and Gold

The video discusses the current state of the S&P 500, highlighting a recent rally and subsequent pause. Technical analysis reveals key resistance levels and overbought conditions, suggesting a potential pullback. The discussion shifts to emerging markets, particularly China, which shows promising technical transitions. The video also covers gold, noting its transition from weakness to strength and identifying key support levels. Overall, the analysis suggests caution with U.S. stocks, interest in China, and potential in gold.

What is the significance of the 28128 level in the S&P 500 analysis?

• It is a resistance level.

• It is a Fibonacci retracement level.

• It is a moving average.

• It is a support level.

What percentage of S&P 500 stocks were overbought according to the RSI?

• 10%

• 70%

• 50%

• 30%

What technical pattern did China exhibit that made it an attractive market?

• Distribution phase

• Consolidation phase

• Higher highs and higher lows

• Lower highs and lower lows

What indicator is used to identify the trend in emerging markets?

• Moving Average

• Fibonacci

• RSI

• MACD

What is the key support level for gold mentioned in the analysis?

• 1200

• 1250

• 1275

• 1300