Monday, June 26, 2017

Will Rally Become Impulsive?

Friday's June23 market action was encouraging because strength in the former leaders($NDX) has resumed with additionally the NYSE A-D line posting a +1060 with high-low plurality increasing to +71. Similarly, NASDAQ A-D line improved to +870 with highs-lows rising to +74. The NASDAQ McClellan Oscillator was positive at 9.02 and the NYSE McClellan Oscillator will turn clearly  positive from Friday's -1.43 reading with another day of +1000 A-D action.

No comments:

Post a Comment