Based on last Friday closing, the US bulls maybe waking up from their November and December slumber and are poised to do something spectacular to the US financial markets. Read on for more information.
DOW JONES INDUSTRIAL AVERAGE
The Dow successfully formed a Day MACD golden cross at Friday’s closing and hence the market is in a bull market rally mode. The Dow could continue rally and achieve another record high between now and the end of the year.
The S&P bulls are waking up and could end it’s bull market correction, which also means start a bull market rally ONCE it’s Day MACD forms a golden cross. If Day MACD forms a golden cross, we could see the S&P 500 had another round of bull market rally and achieve another record high.
NASDAQ (not Nasdaq 100)
Similar to the S&P 500, the Nasdaq bulls are waking up and could start a bull market rally ONCE it’s Day MACD successfully forms a golden cross.
No individual financial needs or goals have been taken into account in the preparing outlooks & advise; members should seek independent advice from William Au and David Lee about specific financial strategies.
(Futures commission broker & equity remisier, Contributor of futures market trend following)