Solid trading session sets up assault on pivotal resistance at $72.89; currently 17 cents away
Goldman Sachs's upper Bollinger Band® at $347, suggesting a further decline is forthcoming.

$169.17 marks the crossover point where American Express price action falls below its 5 day Simple Moving Average. On the other hand, note that a persuasive break of this target could lead to higher losses.

Several technical indicators are adding weight to the bearish momentum seen today and forecasting American Express to extend its recent losses.

Concerning technical analysis and more specifically, trend indicators, CME Group's bullish momentum is stalling and could turn negative in the short-term after the MACD crossed below its signal line — typically considered to be an early indicator of forthcoming bearish momentum. According to asset volatility analysis, Bollinger Bands® shows an indication of recovery: the lower band is at $176.22, a low enough level to, generally, suggest that CME Group is trading below its fair value. A study of CME Group's chart reveals various key levels to watch: CME Group is trending down and heading towards $177.82, which is only $1.07 away now. Hitting this support line might signal a change of direction.

For the time being, CME Group remains flat without a clear direction.

Around $72.85, Principal can look to establish a new bullish phase beyond its 10 day Simple Moving Average. In contrast, it will be interesting to follow how Principal Financial's run now faces a challenge at $72.89, which is only 17 cents away.

Examining the technical analysis landscape, Principal Financial might continue its downtrend in the short term.

Technical analysis shows that a convincing break of this target could pave the way for deeper losses. Trend and momentum analysis indicates that Goldman Sachs's CCI indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Analysis based on the asset volatility indicates that Goldman Sachs's lower Bollinger Band® is at $311.35, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.

For the time being, Goldman Sachs remains flat without a clear direction.

Fundamental indicators – United States 2-Year Note Auction released today at 17:00 UTC with a figure of 4.67, while the previous figure was 4.3.

Upcoming fundamentals: United States Core Durable Goods Orders is projected to outperform its last figure with -0.2%. It previously stood at -0.3%; data will be released tomorrow at 12:30 UTC.