This is a special commentary on the markets after today’s pullback. While the pullback today was not overly dramatic and we could see a bounce back on Thursday, there are some signs that investors should be aware of.
Wednesday’s Outlook
The outlook for the Market Direction on Wednesday was for a sideways movement but with an upward bias. On Tuesday evening the market looked weaker despite the rally higher, due to the lower volume and the lack of new highs. However the market was also nearing overbought levels as indicated by the Fast Stochastic and the Slow Stochastic indicators as well as the Ultimate Oscillator.
However all the indicators on Tuesday were positive except for MACD which was slightly negative.
This special commentary is in addition to the regular Market Direction Outlook for Wednesday evening. Tonight’s commentary contains investing strategy notes for members as I look at the pullback today and what signs and signals we need to watch for the next two days to determine if the rally will continue to push back above 2100 and higher.
Members Only Market Direction Outlook Special Commentary
FullyInformed Members can read this special commentary, directly through this link. Members can also sign in to the Members’ site here. Non-members can join here or read about the benefits of a membership.
Stay FullyInformed With Email Updates
Market Direction Internal Links
Profiting From Understanding Market Direction (Articles Index)
Understanding Short-Term Signals
Market Direction Portfolio Trades (Members)
Market Direction External Links
IWM ETF Russell 2000 Fund Info
Market Direction SPY ETF 500 Fund Info