FREE WEBINAR SATURDAY 11:00 – 12:00 AM, EST
I will be giving a complete Auction Market update on the stock indices and a lot of other markets in Saturday’s event. Click Here to register.
Today’s trade was dramatic with the indices trading sharply lower into critical downside levels (see here, and here), from where they bungee jumped higher, with the Dow/YM and ES/S&P trading into new high ground. The Naz 100/ENQ has followed suit in early night session trading. The Russell 2000/TF is yet to confirm.
Light volume and continued breadth divergences are the fly-in-the-ointment at the moment, but if the Russell trades above Thursday high you have to respect the rally.