Watch this video to be aware of evidence to indicate which price direction is more likely in the future.
Improving market strength from last week plateaued a little while the S&P500 led the way up.
Of the three major indexes, the S&P500 moved up again on Friday, breaking out of a short base built during the middle of the week.
The DOW and the NASDAQ marked time and ended the week less changed.
The broad market ETF – VTI – is nearing overhead resistance of the 200 Day MA and a price level that extends back to early February.
This video shows what to watch for during next week’s trading to determine if market strength will continue increasing or if a pullback and test of the break-out support levels is more likely.
This video also explores the charts of stock signals from the system during the week which includes stock symbols: WLL, CMC, PDCE, AA, LNG, and NUE.
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Comments are always welcome.
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