Combined US market analysis - Going UP!
From the combined weekly chart, it appears that the indices are bullish and on the way up.
1. Tested, bounced off and broke above the Fake Out Lines;
2. Last week's candle is obviously bullish with momentum
3. MACD and VolDiv are both supportive of bullish upside
4. TD Sequential primary trend is bearish, but the current setup appears to aim for a completion over the next 2-3 weeks.
5. Closed at the highest point for 2023 last week
Taken together, there is enough bullish momentum to push forth and upwards.
1. Tested, bounced off and broke above the Fake Out Lines;
2. Last week's candle is obviously bullish with momentum
3. MACD and VolDiv are both supportive of bullish upside
4. TD Sequential primary trend is bearish, but the current setup appears to aim for a completion over the next 2-3 weeks.
5. Closed at the highest point for 2023 last week
Taken together, there is enough bullish momentum to push forth and upwards.
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