Market Consolidation Update

We discussed last week that the market probably needed to consolidate between the 50 day MA and the 200 day MA to allow the day 10 MA to turn higher.

Stocks closed higher on Tuesday turning the 10 day MA. higher. Now that the 10 day MA is turning higher, we are waiting on close above the 50 day MA so the daily cycle advance can gain some traction.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.