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Weekly Market Commentary: Tech Close To MACD Trigger 'Buy

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Last week's rally has drawn markets back into the middle of their trading ranges, but there is an opportunity for the S&P and Nasdaq 100 to finish next week with a MACD trigger 'Buy'.

In the S&P, until 1,129 breaks it's hard to see the post-April trading range going anywhere and volume will need to pick up. Stochastics are in no-mans-land, the recent decline failed to push either short or long term stochastics into oversold territory - has this rally come a little early?

 
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Created by Gile 1 year 22 weeks ago – Made popular 1 year 22 weeks ago
Category: Technical Analysis   Tags:

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