Last week's Macro

Good news for the market. Moderate sales in the US, controlled inflation in Britain, and the maintenance of interest rates in the Eurozone (after a cut in the previous meeting) suggest that, overall, financial markets should remain strong. But how did last week's results fare?

We highlight the release of earnings from major S&P 500 companies in the macroeconomic calendar. Tesla disappointed, recording a 1.5% drop due to below-expected performance. Visa posted positive results but without significant market impact.

The main highlights were General Motors and Alphabet (Google), which saw gains of 2.5% and 3%, respectively. Ford also performed well, with a 2% increase in traded shares.

What about this week?

This week, the financial results season can either calm the market or intensify its volatility, especially with "Super Wednesday," which brings the Federal Open Market Committee (FOMC) decision on US interest rates. This was to maintain again, it has significant implications for the health of American banks and, by extension, the global financial system. It is important to highlight that interest rates are crucial for the economy, as they influence the cost of credit and market liquidity, affecting economic growth and inflation.

For cyptocurrencies, these decisions impact investors' risk appetite and the amount of available capital, potentially causing significant price volatility.

Macroeconomics: Triggers for Technical Analysis

We have broken the daily support level (green) at 5,505 and initiated the orange correction scenario. We are now in the second week of correction, with mixed earnings and a capital shift from blue-chip (companies with consistent profit histories) and tech stocks to higher-risk assets. This indicates a risk appetite and a decline in the index. The triggers are as follows:

Optimistic: If we break above 5,558, we could test resistance regions up to 5,770 points.

Moderate: A retracement to 5,320 points is expected, followed by a partial recovery to 5,440 points, maintaining the possibility of a positive return.

Pessimistic: If support at 5,316 points is lost, the index may seek the monthly trend (purple) further down, reaching the 5,000-point mark. Show Less