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Bulls trying to regain control | 10450 10410 support | 10552 10618 resistance

Technical analysis for 15th July 2026

Well, the markets managed to shake off the geopolitical concerns yesterday and we head into Wednesday with the bulls trying to regain control. The big catalyst was US inflation. US June CPI came in softer than expected and that immediately eased some of the concerns that the Federal Reserve would need to raise interest rates again in the near term. That was exactly what the equity markets wanted to hear.

The S&P 500 and Nasdaq both finished higher, with technology stocks leading the recovery, while strong results from the major US banks also helped improve sentiment.

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