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
I'll cover daily charts during the week, but in this article, I wanted to look at the weekly picture. Friday was an ugly day on daily timeframes, but weekly charts are holding up well.is in the early stage of a rolling top, but I would be looking to the 20-week MA to attract buyers, although in August 2023 this moving average only offered brief support before it was breached.
Today could be a struggle for the indexes, particularly at the open. Watch for a late-day rally to leave bullish"hammer" or"dragonfly doji" candles. This should give indexes some respite for the rest of the week, and maybe open a 1-2 day long trade.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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US Small Cap 2000 Ishares Russell 2000 ETF NASDAQ Composite
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