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S&P 500
7,165.08
(
0.80%
)
US TECH 100
26,568.80
(
0.05%
)
Dow Jones
49,230.71
(
-0.16%
)
Brent Oil
101.79
(
0.25%
)
Bitcoin
77,818.30
(
-1.06%
)
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Post# of 50941
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mick

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mick

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Re: mick post# 28487

Friday, 12/22/2017 1:51:22 PM

Friday, December 22, 2017 1:51:22 PM

Post# of 50941
Topping Pattern Or Just Consolidation - Will Stocks Continue Higher?
Intraday trade: Our Wednesday's intraday trading outlook was neutral. It proved accurate, because the S&P 500 lost 0.1% following slightly higher opening of the trading session (+0.2%). The market fluctuates after its Friday-Monday rally. We still can see technical overbought conditions. However, there have been no confirmed negative signals so far. Therefore, we prefer to be out of the market again, avoiding low risk/reward ratio trades.
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