Stock Market Commentary: Support at 20-day MAs
For the Dow it was yet another indecisive doji at resistance but has room to maneuver to channel resistance:
For the Nasdaq 100, volume has consistently sided with bullish accumulation:
While the Russell 2000 claimed a MACD trigger 'buy'
Market primed for another push higher? With bulls prepared to defend 20-day MAs there may be another short squeeze in the works.
Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, stock charts, watchlist, multi-currency portfolio manager and strategy builder website. Forex data available too.