A mixed weekly closure of major indices. Possible rotation next week. The buy alert stands. Let’s have look into the candles details.
SPX and DJU – Bullish Continuation
Both $SPX and $DJI closed the week with bullish continuation candles. I am expecting the next week green.
NDX – Consolidation
NDX could possibly make a little red candle – a decline, but a minor one. Also, could be a volatile week with a wide range.
RUT – Possible Falling 3 Methods
The rally seems to stall and there is a chance of decline, possibly a sizeable one.
My multi-week buy alert issued on July 23 stands:
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