Not much happened. In main news, the GS and MS earnings were bad and the market decided to rally anyway. Those two stocks gained big gains anyway. Now what? Maybe some relief on those? I’m holding one GS 55 call. It’s at 78.
Anyway, the DOW is no longer going in a descending triangle only. On a smaller timeframe there’s an ascending triangle, as well. 8950 will be the main resistance point. There has been 4 days of touching that line. Two opening from that point and two closing at that line. Slightly below average volume. Mostly decent volume activity. RSI is over 50. MACD heading up. Stochs pointing up.
This is the Expiration week for options. That might help with sudden moves. It might yet fall considerably on Friday. It migth simply keep going up. This market has been very unpredictable in the many moves.
And market recap for indices.
