Weekly summary

Friday's action handed the week's action to the bears. However, the prevailing trend is bullish and indices still have support to look too. The Russell 2000 tested May-June support and is well placed for a bounce on Monday (stops on break of support):

Large caps took 1% hits on Friday, but money flow for each is on the rise. The S&P was able to meet its projected target from the February-April correction:

While the Nasdaq has been riding the good fortune of semi-conductors and has the strongest money flow. The projected target fell a few points short but it looks as good as met:

Next week is another week. Can bulls re-assert the trend or will a larger sideways pattern unfold?

Popular posts from this blog

Nasdaq primed for breakout

S&P "Bull Trap"?

"Black Candlesticks" are a concern for the S&P and Nasdaq


Show more