Major indices, expect for RUT, reached fresh new all-time highs last week. That is bullish and signals higher prices for major indices between now and the end of the year. Sometime in early November, the Fed is to announce its "taper" plan. There is a good chance that the Fed announces a super dovish plan which could push indices much higher in a strong Christmas rally.
DJI: Dow Jones Industrial Index EMA: Exponential Moving Average
DJT: Dow Jones Transportation Index PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index PUL: Primary Uptrend Line
RUT: Russell 2000 Index ASL: Active Support Line
OEX: S&P 100 Index ARL: Active Resistance Line
NDX: NASDAQ 100 Index DTL: Dynamic Trend Line
TUL: Tentative Uptrend Line TDL: Tentative Downtrend Line
Disclaimer: The views expressed are provided for informational purposes only and should not be construed in any way as investment advice or recommendation. Furthermore, the opinions expressed may change without notice.