Although we had all time high closings for $DJIA , $RUT and $SPX, coupled with a valid breakout above recent levels of resistance, none of our indicators turned short term bullish.
Therefore, we are treating today's move with caution.
For this to be a new uptrend (for 60 or more points on the $SPX), today's low must hold and our indicators must turn bullish.
No comments:
Post a Comment