Showing posts from July, 2022

Higher Lows Developing Across Indices

With negative headlines still bouncing around we have the makings of a higher low.  Today's gains registered as higher volume accumulation for many of the indices, but now we need to see if buyers can push to new swing highs.  For the Nasdaq, we are looking at a close above the 20-day MA and a new On-Balance-Volume 'buy', following the earlier 'buy' in the MACD. In addition, we have a new relative performance uptick against the S&P.  Declining resistance is the next hurdle to overcome, but things are moving in the right direction.


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