The patterns contribute tremendously when analyzing the overall market trend. The NASDAQ is doing a J-hook pattern up through the breakout level of the wedge. The S&P 500 has gapped up through the all-time high resistance level and continuing to trade higher. The Dow is forming a J-hook pattern implying it is heading to the upper resistance level.
October 28th Daily Market Comments
The patterns contribute tremendously when analyzing the overall market trend. The NASDAQ is doing a J-hook pattern up through the breakout level of the wedge. The S&P 500 has gapped up through the all-time high resistance level and continuing to trade higher. The Dow is forming a J-hook pattern implying it is heading to the upper resistance level.