Stocks Analysis by Declan Fallon covering: S&P 500, US Small Cap 2000, iShares Russell 2000 ETF, NASDAQ Composite. Read Declan Fallon's latest article on Investing.com
After a bright start by bulls last week, markets quickly took a turn, and bears were left in control into the close. Both theThis isn't great news for today as indexes were looking to come out of a week-long pause. It's too early to say what the long-term impact of Friday's action will be, but Friday's was the kind of candlestick you typically see at a market top.
The Nasdaq differs from the S&P 500 in the advance rate from April through June is faster than the advance that preceded it. Collectively, this is shaping a bearish wedge that looks destined to break. As with the S&P 500, there is a 'sell' trigger in the MACD.) is range bound, but Friday's"black" candlestick is similar to the one that appeared a few weeks ago and has the potential to deliver the same bleak opening gap down.
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