Sunday, September 21, 2014

Watch US Indices

Next 1 to 2 weeks will be interesting, Dow, Nasdaq and S&P formed outside days in weekly chart.  COT report show lesser buying interest.

This week broke previous week high and resistance level that may have triggered stop loss on sellers, as well as broke previous week low that may have triggered stop loss on buyers too.  It seem that Russell is forming ascending triangle, watch for potential rebound at trend line.

Below are the weekly charts for Dow, Nasdaq and S&P from Sep 2012 to Sep 2014
The effect of outside days

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