This week’s major indexes price action was a jumble of mixed signals.
What can that indicate for this week’s trading?
Next week is a shortened trading week with the market closed on Thursday for Thanksgiving and shortened hours on Friday with a closing at 1 pm.
So it’s relatively unlikely that any major move will occur unless some spectacular event occurs.
One item I like to keep my eye on is the advance/decline line which often points to an underlying rot in the market.
The advance/decline line looks a little worrisome on the weekly charts but might be sending some serious warning signals on the daily chart.
Watch this video to see an analysis of the advance/decline line as it relates to each major index on the weekly and daily time frames.
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