The S&P 500 had a good run today. It gapped-up then came back to try and fill the gap, but was unsuccessful. Notice how the volume was light compared to its 50 day moving average. We are very near the next resistance level. Let’s see what happens next.
Tag: chart free
As you can see from the chart, HCA reached it’s breakout point last Wednesday and then pulled back into the base. The market has been weak ever since. Hopefully you have been in cash for the last five days. Wait for a better opportunity to deploy your capital.
The Nasdaq had an interesting week. The chart pattern shows a jump off the bottom and the a follow through day. You can trade this chart, but it would be very difficult. The stock market still has a lot of uncertainty and volatility. Will the tech analysis show the pull back on Thursday and Friday …