The Nasdaq 100 and SPX futures have cleared past highs decisively. Clear blue skies ahead for these 2 indexes at the moment. The Dow is still taking some time to overcome its old high to form a new all time high. Anyway if the 60 min uptrend of Dow continues to rise step by step, it should overcome the old highs very soon. What we want to see in the major 3 indexes is a disciplined step by step rise in the 60 min charts. This kind of rise is important because it creates pockets of support that will keep the stock market moving higher without much worry of a steep correction.
This website is still best viewed using a laptop as charts are bigger and clearer. But those using mobile can turn their phone sideways for a bigger view. Still haven't figured out how to enable zoom in on a responsive design. Not that tech savvy. Anyway you can tap on the chart and open it in new tab or save it. Then you can zoom into it for a clearer view.
Here's a summary of today's analysis:
Charts with the Freestockcharts.com label are courtesy of Freestockcharts.com
Charts with the investing.com logo are courtesy of Investing.com powered by Trading View
Jul 09, 18 12:39 PM
What's going on in Malaysia's stock market? Having dropped tremendously since the election, is there any hope for the bulls?
May 21, 18 08:12 AM
After a very long time trading below the powerful 20 MA and 50 MA, the Dow Jones is now back in bull mode trading above the 20 MA and 50 MA. What's more is it is experiencing a bullish cross.
Apr 27, 18 05:31 AM
In this article we will examine why FLR went from a downtrend to the start of a new uptrend. We will also look at some chart patterns and how it affects the stock.
Apr 26, 18 06:19 AM
If you are interested to know why AMZN went up so much, this lesson will show you why AMZN was able double its stock price.
Apr 26, 18 05:04 AM
The surge in foreign funds investing in finance stocks has lifted many Malaysian bank stocks higher. Maybank is now making a nice uptrend in the daily chart. Will it be able to overcome the old highs…