Earnings will power the SPX through 1075 or down from 1075 next week depending on whether guidance for Q4 is positive to better than expected or lower DJIA + 78.07 +0.80% SP500 + 6.01 +0.56% COMPQ + 15.35 +0.72%
In last week's discussion about the Dow Jones (DJIA) index chart pattern, I had warned about a larger correction due to the break of the up trend line and the weakness in the technical indicators. The concluding remarks were:-
DJIA Back in Plus Column, Last Up 5 Pts or 0.1%; Nasdaq Down 2.6
Posted by jw | 10:46 AM | 0 comments »
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