Same trading pattern repeated again: Stocks traded lower early in the week but ended up higher. For the week S&P 500 index went up 0.31% and closed at 2122, Dow Jones Industrial Average gained 0.46%, and Nasdaq composite index increased 0.89%.
Technical trading pattern or S&P 500 index stays the same as last week. In the seasonally weak trading period, we just have to patiently wait for the market to unfold itself.
Weekly chart of S&P 500 index |
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