The Nasdaq took out the near term high which had looked a good area for shorts to work (but is now history). Next up is to challenge 5000, and then the 'bull trap'. (more)
Please share this article
Friday, April 10, 2015
S&P Confirms Consolidation Breakout
Markets are still bound by the larger range from March, but there was a
consolidation breakout on offer from the S&P. It still has overhead
supply to work with, but today's buying registered as accumulation. The
S&P enjoyed a MACD and Stochastic 'buy' along with today's action.
However, On-Balance-Volume still has to trigger a 'buy' signal to turn
all technicals net bullish.
The Nasdaq took out the near term high which had looked a good area for shorts to work (but is now history). Next up is to challenge 5000, and then the 'bull trap'. (more)
Please share this article
The Nasdaq took out the near term high which had looked a good area for shorts to work (but is now history). Next up is to challenge 5000, and then the 'bull trap'. (more)
Please share this article
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment