Today’s Market Outlook:
With strongly above-average trading range and volume, the S&P 500® finished higher for a second straight day – this time by more than 42 points. The broad market index has closed above its opening price 8 out of the past 9 trading sessions. The intermediate line continued to strong levels inside the upper-reversal zone with the near-term and momentum lines close to finishing in overbought territory. The Russell 2000® has already formed one overbought cluster this bullish cycle last week and came the closest to forming another one today. The NASDAQ 100® is farther above its 30-day SMA than it has been most of the past year.
Please LIKE tonight’s Market Outlook video on Twitter and Facebook below:
02/01/23 - Here's the intro of today's #MarketOutlook video from @MarketScholars
— David Settle, CMT (@davidsettle42) February 2, 2023
Watch the full video for free here: https://t.co/E9AgLOoVXc
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