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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 670.92+0.1%Nov 7 4:00 PM EST
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To: Johnny Canuck who wrote (52944)5/28/2020 6:33:21 AM
From: Johnny Canuck1 Recommendation

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It does not quite have the momentum you would like to see but buy signal confirmed on SP500, DOW and Dow transports. Watch for resistance on DOW at 26,000. It may be a limited rally.

On the positive side Russell 2000 also setting up a buy signal if it follows through on Thursday. It means traders are willing to take on risk.



Gold pulling back as risk in markets ease.

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