Top 10 Report – June 22, 2020

The Indexes

Last Friday was the sixth up-day in a row for the NASDAQ, although it ultimately spent last week moving sideways in a tight range after reclaiming significant resistance above 9,838.37, which is considered healthy, constructive action and a sign of accumulation.

The S&P 500 powerfully reclaimed its 21-DMA/23-EMA last Monday and then spent the rest of the week drifting constructively lower, in a tight range back into its 21-DMA, which is where it closed on Friday.

The Russell 2000 powerfully reclaimed its 10-DMA, 21-DMA and 23-EMA as it filled its gap from 6/11 last Monday and then spent the rest of the week drifting constructively lower, in a tight range back into its 23-EMA, which is where it finished on Friday.

TheĀ DOW powerfully reclaimed its 21-DMA/23-EMA last Monday and then spent the rest of the week drifting constructively lower, in a tight range back into its 21-DMA, which is where it closed on Friday.



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