Tuesday, October 17, 2017

More of the Same

There was little change on the day-to-day machinations of the market. The S&P is riding along upper channel resistance with technicals still bullish.


The Nasdaq is caught in a halfway house with bullish technicals and a relative advantage of the index against the S&P.


The Russell 2000 is working off a MACD trigger 'sell' with a relative loss against the Nasdaq but watch how the index reacts when it tests the 20-day MA.


Finally, the Dow Jones Index made it to channel resistance.


For tomorrow, look for a reaction at channel resistance in the S&P and Dow Jones Index. For everything else, keep with the established trend; bullish for Tech and bearish for Russell 2000.

You've now read my opinion, next read Douglas' blog.

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Dr. Declan Fallon is a blogger who trades for fun on eToro and can be copied for free.
. I invest in my pension fund as a buy-and-hold.
 
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