Monday, June 19, 2006
Daily Market Commentary
Updated Friday, 6/16 for Monday's market
Holding..
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Updated Friday, 6/16 for Monday's market
| Key DOW Levels for 6/19 | |
| UP | Above 11,050 |
| DN | Below 10,950 |
Holding..
- Dow trades sideways throughout session, holds yesterday's big gains.
- The S&P and NASDAQ each traded mostly sideways throughout the session today, as each gears up for the next big move. Watch the tight consolidation boundaries for entry opportunities Monday.
Summary
The Dow closed the day quietly within the boundaries of a tight consolidation, which we will watch closely for Monday's market. The fact that the consolidation has formed right at the upper trend line indicates that a big break or bounce could be ahead. Watch this line closely next week.
- The S&P and NASDAQ each traded mostly sideways throughout the session today, as each gears up for the next big move. Watch the tight consolidation boundaries for entry opportunities Monday.
Summary
The Dow closed the day quietly within the boundaries of a tight consolidation, which we will watch closely for Monday's market. The fact that the consolidation has formed right at the upper trend line indicates that a big break or bounce could be ahead. Watch this line closely next week.
