Major Sectors that may influence US Markets this week!

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Health Care

• Following an extended consolidation phase from December 2021 to August 2024, the healthcare index has developed an Inverted Head & Shoulder pattern.
  
• With a recent breakout, the index is now set to experience significant upward momentum.
  

Industrials

• Similar to the healthcare index, the industrials sector has also established an Inverted Head & Shoulder pattern. Following its breakout, this index has shown positive movement.
  
• With a recent breakout from a brief consolidation phase, the index is ready to climb once more.
  

Financials

• The financial sector plays a vital role in the US stock market. Recently, the financial index experienced a robust breakout after a lengthy consolidation phase, indicating that this sector could enhance the overall US market.
  

Real Estate

• The real estate sector has faced challenges for a considerable time, with the index suffering a significant downturn. However, following a recent breakthrough, the index is making progress toward recovery.
  

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At present, the Healthcare, Industrial, Financial, and Real Estate sectors are all demonstrating strong performance.

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Alongside the four sectors, the Utilities sector is currently exhibiting notable strength.

● The chart clearly indicates that after successfully breaking through the Rounding Bottom pattern, the index is now positioned above the breakout level.
● If the index can hold its ground above the 390 level, the upward trend is likely to continue.

**Overall, the market sentiment appears optimistic, bolstered by the positive performance across these major sectors.