Instruments that show buying interest from Dealer/Intermediary (sell-side participants)
- Dow (decreased for 1st week)
- Nasdaq (decreased for 1st week)
- S&P (decreased for 1st week)
- Russell (decreased for 1st week)
This week, US markets most break pdh (previous day high) in lhf on Mon and created a new diff on Tue. During the week, US markets also broke pwh (previous week high) in lhf (weekly). Will sell in May and go away going to come for this year? I will be see PA and get prepared for this possibility. I will be watching for Dow, S&P and Nasdaq to break trend resistance for more upside, or else more selling may come in.
All the hedge positions SL was triggered during the week when pdh or pwh was broken and long positions were added.