Today’s positive trading is making the Dow and S&P 500 nudging the top resistance level. The NASDAQ and the transportation index showing good bullish trading above the T line. The uptrend is in progress, provided the markets do not show a severe candlestick reversal signal. The electric vehicle sector remains very strong. Expect some more upside going into the end of the year, any profit-taking will likely be pushed in the next year.
December 28th Daily Market Comments
Today’s positive trading is making the Dow and S&P 500 nudging the top resistance level. The NASDAQ and the transportation index showing good bullish trading above the T line. The uptrend is in progress, provided the markets do not show a severe candlestick reversal signal. The electric vehicle sector remains very strong. Expect some more upside going into the end of the year, any profit-taking will likely be pushed in the next year.