Honors Shared
Today was a big non-event. There was probably hope for more from the Greece story, but a stay of execution keeps things ticking over for another couple of days. The S&P was kept pegged below 2,135, but maintains its trendline breakout.
The Nasdaq closed near the day's highs, and consequently near all-time highs too. Technicals are all net bullish.
The Russell 2000 also kept its gains, and is well above support of 1,278.
As a final note, the Dow returned net bullish in technical strength.
Tomorrow is another day. Traders can look to swing trade today's narrow range; short loss of lows, buy break of highs - stop on flip side.
You've now read my opinion, next read Douglas' and Jani's.
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Dr. Declan Fallon is the Senior Market Technician and Community Director for Zignals.com, and Product Development Manager for ActivateClients.com. I do a weekly broadcast on Friday's at 13:30 GMT for Tradercast, covering indices, FX and gold, silver and oil - all are welcome! You can read what others are saying about Zignals on Investimonials.com.
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The Nasdaq closed near the day's highs, and consequently near all-time highs too. Technicals are all net bullish.
The Russell 2000 also kept its gains, and is well above support of 1,278.
As a final note, the Dow returned net bullish in technical strength.
Tomorrow is another day. Traders can look to swing trade today's narrow range; short loss of lows, buy break of highs - stop on flip side.
You've now read my opinion, next read Douglas' and Jani's.
---
Accepting KIVA gift certificates to help support the work on this blog. All certificates gifted are converted into loans for those who need the help more.
Follow Me on Twitter
Dr. Declan Fallon is the Senior Market Technician and Community Director for Zignals.com, and Product Development Manager for ActivateClients.com. I do a weekly broadcast on Friday's at 13:30 GMT for Tradercast, covering indices, FX and gold, silver and oil - all are welcome! You can read what others are saying about Zignals on Investimonials.com.
JOIN ZIGNALS TODAY - IT'S FREE!