Market Outlook – 06/06/18 – David Settle
Today, the S&P 500® closed higher by more than 23 points on average trading volume that mostly buying volume. The intermediate posture remains strongly bullish with rising Market Sentiment that is close to breaking above the chart’s midpoint. The near-term line rose further into the upper-reversal zone to solidify the current posture. The lagging Dow Jones Industrial Average finally closed above its prior few weeks’ highs. In fact, the blue-chip index came close to an overbought cluster. The NASDAQ Composite finished with its fourth-straight bullish close. Its near-term line is strongly overbought, which reflects the strength of the current trend. Finally, the Russell 2000® formed its fourth all-time high in the past six trading sessions. The index has been outperforming its large-cap counterparts for most of the past month.
Please LIKE tonight’s Market Outlook video on Twitter and Facebook below:
Join the growing Market Scholars community with this exclusive, limited-time early access discount offer: Become a Market Scholar!