Russell 2000 has led the way and has formed a death cross, during the end of October rally, the index couldn’t re-cross the 50/200 EMA and remains in bear territory
NASDAQ Friday re-entered the bear territory by closing below the 200 EMA. While this moved closed the gap formed between the 6th and 7th of November, Does this mean that NASDAQ will close the gap between October 30th and November 1st? Will it retest the October lows?
S&P 500 currently closed between the 50 & 200 EMA. Nearly closing the gap formed between 6th and 7th of November. Same question exists here for the S&P that was asked for the NASDAQ
Dow Jones – Currently trading above the 50 EMA. Negative turn on Friday. Gap still open from the 6th and 7th and well as the end of October gap mentioned above.
Current Outlook for the week
Russell 2000 : Bearish
NASDAQ : Bearish
S&P 500 : Neutral Transition zone (between 50 & 200 EMA)
DJIA : Bullish (but turning)
Anticipating all to turn bearish.
Retest of the October lows during the coming week(s)
NASDAQ Friday re-entered the bear territory by closing below the 200 EMA. While this moved closed the gap formed between the 6th and 7th of November, Does this mean that NASDAQ will close the gap between October 30th and November 1st? Will it retest the October lows?
S&P 500 currently closed between the 50 & 200 EMA. Nearly closing the gap formed between 6th and 7th of November. Same question exists here for the S&P that was asked for the NASDAQ
Dow Jones – Currently trading above the 50 EMA. Negative turn on Friday. Gap still open from the 6th and 7th and well as the end of October gap mentioned above.
Current Outlook for the week
Russell 2000 : Bearish
NASDAQ : Bearish
S&P 500 : Neutral Transition zone (between 50 & 200 EMA)
DJIA : Bullish (but turning)
Anticipating all to turn bearish.
Retest of the October lows during the coming week(s)