The NASDAQ is producing the strongest bullish confirmation, a Doji sandwich breakout through the downtrending resistance level, making the 50 day moving average the next likely target. Although the Dow is not showing great strength, the other indexes and indicators are showing good bullish confirmation. The J-hook patterns are producing the best results.
July 7th Daily Market Comments
The NASDAQ is producing the strongest bullish confirmation, a Doji sandwich breakout through the downtrending resistance level, making the 50 day moving average the next likely target. Although the Dow is not showing great strength, the other indexes and indicators are showing good bullish confirmation. The J-hook patterns are producing the best results.