If the market trades down to the 1100 level and then goes back up, we would have a head and shoulders pattern.
Friday had the most narrow range of the last 7 days, which makes it a NR7 day. The market may trend in the direction of a breakout of Friday's range.
The S&P 500 Index is still below its 50-day moving average.
US Economic Data links:
Economic Research from the St. Louis Federal Reserve Bank
Economic News from the Bureau of Labor Statistics
Charles
No comments:
Post a Comment