The NASDAQ Is showing the most compelling strength in the market, the J-hook pattern breaking out above the resistance level with Doji gap ups. The S&P 500 shows strength with kicker type signals. The Dow is hovering between the 50 day moving average and the T-line but illustrating there is no consensus as far as selling pressure. The overall market trend is still bullish based upon the indexes trading above the T-line.
June 1st Daily Market Comments
The NASDAQ Is showing the most compelling strength in the market, the J-hook pattern breaking out above the resistance level with Doji gap ups. The S&P 500 shows strength with kicker type signals. The Dow is hovering between the 50 day moving average and the T-line but illustrating there is no consensus as far as selling pressure. The overall market trend is still bullish based upon the indexes trading above the T-line.