(May 9), the NASDAQ’s short-term outlook shifted to bullish. Earlier, on Tuesday, the DJIA was on the verge of breaking above several key resistance levels – levels, which were all broken to the upside the following day (yellow and orange trendlines in Figure 1 and blue trendline in Figure 2). Today, the S&P 500 provided further indication that U.S. indices are headed higher in the short- to intermediate-term.
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