MARKET BREADTH NYSE
Net Advancing Issues 1,369
Net Up Volume 1,733M
Net New Highs -133
TRENDS
*PROVISIONAL PRIMARY DOWNTREND | Directional wave | Prior support 11634 | Prior resistance 13136
*INTERMEDIATE DOWNTREND | Directional wave | Prior Support 11731 | Resistance 13136
*SHORT TERM DOWNTREND | Directional wave | Prior Support 12076 - Broken | Resistance 12320 | TP 11800
TECHNICAL ANALYSIS
Today's inverted hammer is a bullish reversal alert that could usher an upswing correction of the current minor downtrend. It needs next day confirmation in the form of an open and close higher than the real body of today's candlestick.
Net Advancing Issues 1,369
Net Up Volume 1,733M
Net New Highs -133
TRENDS
*PROVISIONAL PRIMARY DOWNTREND | Directional wave | Prior support 11634 | Prior resistance 13136
*INTERMEDIATE DOWNTREND | Directional wave | Prior Support 11731 | Resistance 13136
*SHORT TERM DOWNTREND | Directional wave | Prior Support 12076 - Broken | Resistance 12320 | TP 11800
TECHNICAL ANALYSIS
Today's inverted hammer is a bullish reversal alert that could usher an upswing correction of the current minor downtrend. It needs next day confirmation in the form of an open and close higher than the real body of today's candlestick.
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