Symbol: LECO
US Focus
Won Global View
The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq reversed from early session losses to close higher for a second straight day. Both indices now face resistance near June highs (S&P 500: 4,177; Nasdaq: 12,320), which coincide with a falling 100-DMA. The 10- and 21-DMA are now crossing above the 50-DMA to act as the next level of near-term support. The distribution day count remains at five each, with one day expiring on the S&P 500 and two on the Nasdaq next week.
US Focus
Won Global View
The U.S. market is in a Confirmed Uptrend. The S&P 500 and Nasdaq closed mixed but continue to consolidate above their 50-DMA support (S&P 500: 3,919; Nasdaq: 11,505). The distribution day count stands at four on each index.