Despite weaker-than-expected Consumer Confidence and Richmond Fed Manufacturing data, the market continues to edge higher. The significant JPM call position at the 5750 level looms as a potential short-term resistance without a strong catalyst. Technically, bearish divergences are emerging in key indicators like the RSI and CCI, signaling potential hesitation or a possible pullback.

======== Schwab Network ========
Empowering every investor and trader, every market day.

Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe
Download the iOS app - https://apps.apple.com/us/app/schwab-...
Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-...
Watch on Sling - https://watch.sling.com/1/asset/19192...
Watch on Vizio - https://www.vizio.com/en/watchfreeplu...
Watch on DistroTV - https://www.distro.tv/live/schwab-net...
Follow us on X –   / schwabnetwork  
Follow us on Facebook –   / schwabnetwork  
Follow us on LinkedIn -   / schwab-network  

About Schwab Network - https://schwabnetwork.com/about

#markets #investing #stockmarket #economy #marketnews #stocks #technical #technicalanalysis #charts #chart #levels #level #catalyst #bullish #bearish #indicators