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Quick Quiz are the broad markets Bullish or Bearish and why??

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venice
Super Contributor
Just a little bored in the pre afternoon session calm. Lets take a quiz regarding the direction of the market over the next few days but you have to say why gut feelings don't count. Lets liven up the TA discussion.
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3 REPLIES 3
Russ
Super Contributor
I'm only watching resources.Some of them are showing signs of having a key day reversal today after their pullbacks towards support.If they finish well today this could be the start of another up-leg.note the "if".
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Not applicable
OK, I will see what I have learned from TA. ALSI starting to look a little weaker Starting to head toward 200 MDA then on 30/45 I see the trend again leaning toward the 30 MDA. on 15/7 broke 7 MDA 10 out of 17 times. FInding support at 15MDA and if it can break that then I guess a small pull back. To be confirmed. Overall I see a sideways pattern developing until end of week and ending about flat maybe somwehere around 23800 to 24100. Am I wrong? on my ROM I see a start of a sell signal but on the lower side of the 200ROM so will need conformation later.... Am I so-so acturate or totally off?
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Electrox
Super Contributor
Hi Venice.for now the alsi is consolidating on the hourley charts..sorta like a decending triangle i see there.. time will tell where it breaks and that should set the tone for the rest of the week.
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