ARE MAKING SO MANY NEW DAILY LOWS ~THEY'RE FASTER THAN I CAN KEEP TRAC OF! I DO 'BLEVE THE RUSSEL IS STILL THE LEADER OF THE PACK, THO. YEP, I JUST WATCHED IT MAKE ANOTHER NEW LOW FOR THE DAY.
MERCY
Thanks, Jean.
The stock indices don't seem to be doing that bad to me after the big drop in the first half of last year, then a modest drop in Feb/Mar of this year.
Here's the Russell that you mentioned: Holding the lows for the move and major support. Bull flag??
1. S&P (quite a bit stronger than the Russell, as you noted) made a new high for the year last week but sold off to below that since then. Potential short term double top?? Or possibly getting ready to break out to the upside of a bull flag?
2. Still a very solid long term uptrend:
Despite all the hype about a crash the NASDAQ made a buy signal a week or so ago. long the qqq's
Thanks, cutworm.
I see exactly what you mean. New highs for the year for the Nasdaq! Breaking out to the upside
Next major resistance on the 2nd chart below, is 13,047 from Aug 12, 2022.
