The attempt to break out is supported by multiple technical signals. RSI has formed a new 14-period high which is bullish. It stays neutral and does not show any divergence against the price. The MACD has shown a bullish crossover. It now trades above the signal line. The MACD, and its crossover, happening above the center line adds to the potency of this crossover.
US Stock Market Today | Live: US stock futures climb as AI shares rally and crude prices ease
Warnings from executives at leading AI companies triggered a selloff last week, but concerns eased on Monday as investors focused on signs that spending on