Big Tech Earnings and Fed Decision Highlight This Week's Market Calendar
- Earnings Season: This week, major tech companies including Alphabet, Amazon, Meta, Microsoft, and Apple are set to release quarterly results, with analysts projecting a 25% net income growth for the Magnificent Seven in 2026, significantly outpacing the 11% growth expected for other S&P 500 constituents, indicating a robust recovery potential in the tech sector.
- Fed Policy Decision: The Federal Reserve is scheduled to announce its interest rate decision on Wednesday, with market expectations leaning towards rates remaining between 3.5% and 3.75%, reflecting confidence in economic stability while paving the way for Kevin Warsh's confirmation process as the next Fed chair.
- AI Investment Scrutiny: Market participants will closely monitor commentary regarding investments in artificial intelligence infrastructure, as recent layoffs at Meta and Microsoft raise questions about their future investment strategies, particularly in the semiconductor sector experiencing exceptional demand.
- Energy Sector Earnings: Exxon and Chevron are set to report earnings on Friday, with observers keenly watching for potential impacts from Iranian tensions affecting oil transit through the Strait of Hormuz, which could influence energy prices and supply chain stability.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 1 indicators are flashing buy, while 6 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAJOR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, MAJOR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0442 | 0.0518 | 0.0571 | 0.0647 | 0.07 | 0.0776 | 0.0829 |
| Fibonacci | 0.0518 | 0.0567 | 0.0597 | 0.0647 | 0.0696 | 0.0726 | 0.0776 |
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