Stock Market Outlook For The Week of
January 29th= Uptrend
20/50/200 Day Moving Averages: Uptrend
Price & Volume Action: Uptrend
Objective Elliott Wave Analysis: Uptrend
US Markets got an upward jolt Tuesday and Wednesday last week, finally sending the Dow about 20,000 for the first time and easing concerns that the Trump rally had run its course.
All the indexes are now back above their respective 20 and 50 day moving averages.
2017-01-29-US Stock Market Averages
Price and volume action got a big boost last week and 2 distribution days fell outside the count window.