Schwab Network

Technical Tuesday: SPX, SLB, SNOW


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Kevin Horner’s Technical Tuesday charts cover the S&P 500 (SPX), SLB (SLB), and Snowflake (SNOW). The SPX is still stalled within a range, and Kevin says patience may benefit longer-term investors at this point. SLB broke higher, ran up, and consolidated, building an ascending triangle pattern with $52 as a line of resistance. SNOW has tested the 20-day moving average multiple times, and it could be headed for a potential “relief bounce.”


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