Bulls vacation! What vacation?
Sterling work by buyers as a further accumulation day is registered for the rally. Once again looking at 50-day MAs for targets (with the exception of the Russell 2000 which is already there - for that look to the 200-day MA).
Comments unchanged from Jul 23rd:
![](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_u9QM0oaiRtY3S4naWNjqOio4R8Hqjm54CErioLeytuv-AqQPB5N3RbCLYCVYlZ1kLya4Zdifse22DEUgs-yxVjJAA1xO6qIEuek_Oqu16EgUUidwbv2tgtTqHmS1cemtXEjSQ=s0-d)
Lovely reversal
![](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_tTEtkLqIGDephDU9P5batyibWlOO2m0m1dW4ND3id5QYlVZa7oPU4XdK-z4r0DTpHHSG2XUVJPcLdd2v8_4s7tkjTXvCQE-YQQOi9D-yhEsoF9XUebzd9t1U3PDGNu8ZEydg=s0-d)
Strong gains, but how will 2,350 hold as resistance?
![](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_t2X-qrtBS03bowzbt5qTF7h7pUOqSmAvuA0dcqrKPKmqCktGvwKH3f59mJeGxquiYszZtYMkOd8Kkg0brKl7hTi3axcTBtHO0Tf2dMADpu5hDoOEZuXh2NdREknOpQEuRSog=s0-d)
Market needs a breather - action is still very reminiscent of March.
Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, market alerts and stock charts website
Comments unchanged from Jul 23rd:
Lovely reversal
Strong gains, but how will 2,350 hold as resistance?
Market needs a breather - action is still very reminiscent of March.
Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, market alerts and stock charts website