Break-Up For US Indices
FNArena has added another video to its Investors Education section on the website. This week ATW's Jerry Simmons looks at US stock indices, currencies, gold, oil and gas.
Will the positive response to Fed action be lasting? asks Simmons. The Dow weekly has marked a "bellwether event" in breaking above this year's highs while the Nasdaq monthly is showing an "extremely bullish" structure.
The euro has moved into a "massive" resistance zone and we may see a pullback, while the gold weekly is showing another "runaway bull market".
West Texas crude has also hit strong resistance and may be setting for another significant move higher.
To view the ATW Strategic Prep Video click HERE or visit the FNArena Investors Education
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