The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq closed the week at or near new
highs and above all major moving averages, including near-term support along the 10- and 21-DMA. The dis-
tribution day count stands at six and four, respectively, with two days expiring on the S&P 500 next week.
The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq closed at all-time highs yesterday, holding trend and
remaining above all major moving averages, including near-term support along the 10- and 21-DMA. Both indices have avoided
distribution this week, keeping the count at six and three, respectively, with two days expiring on the S&P 500 next week.
The CSI 300 gained 2.29% on lower and above average volume this week. The market was shifted to a Confirmed Uptrend on a day four follow-through Monday. The index breached its 5-DMA (~4,943, +0.4%) with next support at July 28’s low (~4,664, -5.2%). Immediate resistance is at the 21-DMA (~5,005, +1.7%).
The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq rallied off 21-DMA support yesterday before closing at the
highs of the session. The distribution day count remains at six and three, respectively, with two expiring on the S&P 500 next week.
The CSI 300 declined 5.46% on higher and above average volume this week. The market was shifted to a Rally Attempt Friday after being downgraded to a Downtrend on a sharp selloff Monday. The index remains pressed by its short- and long-term moving averages. Immediate resistance lies at the 5-DMA (4,820, +0.2%) followed by the 21-DMA (~5,041, +4.8%).
The CSI 300 fell 0.11% on lower but still above average volume this week. The market remains in an Uptrend Under Pressure with four distribution days. The index continued to consolidate around the 200-DMA (~5,120, +0.6%) with no clear support until May’s low of ~4,900 (-3.7%). The index faces next resistance at 100-DMA (5,133, +0.9%), 21-DMA (~5,140, +1.0%), and 50-DMA (~5,180, +1.8%).
The CSI 300 gained 0.5% on much higher and above average volume this week. The market remains in an Uptrend Under Pressure with four distribution days. The index continued to consolidate around the 200-DMA (~5,110, +0.3%), with no clear support until May’s low at ~4,900 (-3.8%). The index faces resistance at the 21-DMA (~5,140, +0.9%), 100-DMA (~5,150, +1.1%), and 50-DMA (~5,170, +1.5%).
The CSI 300 fell 0.23% on higher and above average volume this week. The market remains in an Uptrend Under Pressure with the number of distribution days decreasing to four. The index traded around the 200-DMA (5,095, +0.5%), with no clear support until May’s low of ~4,900 (-3.3%). The index faces resistance at the 21-DMA (~5,150, +1.6%), 50-DMA (~5,170, +2.0%), and 100-DMA (5,180, +2.2%).
The CSI 300 fell 3.03% on lower and below average volume this week. The market remains in an Uptrend Under Pressure with the number of distribution days increasing to five. The index traded around the converged 21- and 100- DMA (~5,200, +2.3%) for four sessions but Friday gapped down to open below these two key support levels and breached the 50-DMA (~5,170, +1.8%) and 200-DMA (5,085, +0.1%) with no clear support until May’s low at ~4,900 (-3.6%).
The CSI 300 rose 2.69% on higher but below average volume this week. The market remains in an Uptrend Under Pressure with the number of distribution days decreasing to four. The index retook the 50-DMA (~5,150, -1.7%) and converging 21-DMA and 100-DMA (~5,220, -0.4%), with the next support at the 200-DMA (5,076, -3.1%). Resistance lies at May’s high of ~5,380 (+2.7%).
