Dow Jones Index Forms Alarming Pattern Ahead of Earnings

S&P 500 Shows Alarming Pattern Before FOMC Decision and Tech Earnings

Key Insights The S&P 500 Index has formed a rising wedge pattern on the daily chart. It has also formed a bearish divergence pattern as the top oscillators have pointed downwards. American companies with a market capitalization of over $16 trillion will publish their earnings in the next two weeks. The S&P 500 Index has wavered in the past few weeks as the recent bullish momentum stalled. It was trading at $6,913 on Friday, a few points below t…

Dow Jones Index forms alarming pattern ahead of earnings

The Dow Jones Index remained in a tight range near its all-time high of $49,705 as traders waited for the first Federal Reserve interest rate decision of the year and the Magnificent 7 earnings.