Almost 349.xx points! The whole week was pretty much green. So what will the next week bring? It would sound as if the market has finally changed direction. However, the market sentiment might still be leaning to be bearish. Many technicals on the DOW are diverging to show trend reversal. But this trend reversal is going to be swing or slightly longer term reversal. That would mean, Monday could still be red. The market might go down from here little more then rebound. Or it might simply rebound. We don’t know. The first few hours on Monday should be good indicators.
MACD, CMF, RSI are showing positive divergence. CMF shows buying pressure. Monday is looking at trendline, normal, and Fib resistance. If it breaks, above, it should continue on to 9000 mark. Then eventually to 9500 mark.