Today’s positive trading, a small gap up through the resistance level in the NASDAQ, implies that the next wave to the upside is in progress. The Dow and S&P 500 are currently nudging the upper resistance level. Continue to hold long positions with the expectation that the bullish trend is being confirmed, especially by the NASDAQ.
July 7 Daily Market Directions
Today’s positive trading, a small gap up through the resistance level in the NASDAQ, implies that the next wave to the upside is in progress. The Dow and S&P 500 are currently nudging the upper resistance level. Continue to hold long positions with the expectation that the bullish trend is being confirmed, especially by the NASDAQ.