Monday, June 26, 2006
Daily Market Commentary
Updated Friday, 6/23 for Monday's market
Winding Up...
Read More...
Updated Friday, 6/23 for Monday's market
| Key DOW Levels for 6/26 | |
| UP | Above 11,075 |
| DN | Below 10,950 |
Winding Up...
- Dow trades sideways throughout session, forms key triangle at highs.
- The S&P and NASDAQ each traded mostly sideways today and continue to build out within the boundaries of potentially powerful patterns. Watch the triangle ranges for key movement.
Summary
The Dow closed the day with a modest loss, but is winding up within the boundaries of a very clear and solid triangle consolidation that could make for a big week next week. Watch 11,075 and 10,950 for a solid breakout for the next key move.
- The S&P and NASDAQ each traded mostly sideways today and continue to build out within the boundaries of potentially powerful patterns. Watch the triangle ranges for key movement.
Summary
The Dow closed the day with a modest loss, but is winding up within the boundaries of a very clear and solid triangle consolidation that could make for a big week next week. Watch 11,075 and 10,950 for a solid breakout for the next key move.
