The DJIA rallied today and although the volume was not as strong as it should have been for an uptrend to occur. The OBV did not break out.
The S&P did not break above its down trend line yet. It also did not go back to the 38% retracement. It could still turn tomorrow depending on the employment report.
As the chart shows the volume was not real high for the Nasdaq either. It did cross over the 55 Moving average line. It will be interesting to see if it stays above the line.
The Russell did not break the trendline either. But it is back in the congestion zone between 780 and 800. It has been there before for several periods.
The S&P did not break above its down trend line yet. It also did not go back to the 38% retracement. It could still turn tomorrow depending on the employment report.
As the chart shows the volume was not real high for the Nasdaq either. It did cross over the 55 Moving average line. It will be interesting to see if it stays above the line.
The Russell did not break the trendline either. But it is back in the congestion zone between 780 and 800. It has been there before for several periods.
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