Because of Thanksgiving last week was characterized by very low activity. Nonetheless, the Equal-weight SP500 closed on the green and keeps trading within the consolidation box as shown below:
Notice how the weekly MACD indicator looks ready to cross from below the signal line. If so it would be a bullish sign for the short term. Let’s see what happens this coming week.
The Nasdaq is the stronger index and is approaching the highs of the year very soon:
Keep reading with a 7-day free trial
Subscribe to 10X CAPITAL POT to keep reading this post and get 7 days of free access to the full post archives.