#SPX = Bullish Weekly Closure = 02.07.2021 #DOW #NQ $SPY #QQQ #US30 #Smallcaps #ES_F #RTY_F #NQ_F

Today major indices made bullish weekly candle formations, confirming the rally. Two days ago a similar message was sent by the monthly candles (link below). Let’s look at the details.

SPX and NQ: Confirmed Bullish Engulfing.

DJI: Confirmed Bullish Harami.

Smallcap: signals a possible pause (nothing bearish yet).

DJI has completed a bullish flag that projects a rally towards $35900-36000 area in the next 4-6 weeks. SPX and NQ are also pointing upwards, however, their targets are not as clean as DJI.

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Bullish Monthly Closure:



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