The NASDAQ formed a best friend signal yesterday, followed by a gap up today, at the 50 day moving average and then continue to trade higher. This shows very strong bullish sentiment. It broke above a wedge formation indicating the bulls of taking control. The Dow continue to trade above the T line. Electric vehicle stocks started a new uptrend. The steel company stocks continue to show good strength. It appears as if the stimulus money continues to hold this market in a bullish direction
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Good investing,
The Candlestick Forum team
