Monday, December 9, 2013

Longer Term US Charts Still Bullish

Above are the weekly charts for the respective ETFS of the Russell 2000 (IWM), Nasdaq (QQQ) and S&P 500 (SPY).  All show strong uptrends with rising momentum and EMAs and strong volume flow.  All three support the idea the market will continue moving higher with shorter term periods of consolidation.