The uptrend continues its strong movement, with the Dow leading the uptrend. It gapped up well above the 50 day moving average after closing at that level on Friday. Profit-taking is likely to occur, especially when a resistance level is breached, the trend will usually come back down to see if the resistance level is now going to act as support.
June 10th Daily Market Comments
The uptrend continues its strong movement, with the Dow leading the uptrend. It gapped up well above the 50 day moving average after closing at that level on Friday. Profit-taking is likely to occur, especially when a resistance level is breached, the trend will usually come back down to see if the resistance level is now going to act as support.