Today’s pre-market forecast and end of week review. Market breaks and holds above 200 sma. Some heavy news items today and expected profit taking creating for mixed environment.
- The market recovers quickly from this week’s deep retracement. Will the 20 sma on the daily hold?
- Market with strong bearish strength. Potential test of the 80 sma on the daily chart.
- New all time high greets the first session of the year. Keep an eye on the key areas.
- Market digesting current bump in inflation. Will this data halt the bulls?
- Market bouncing off strong sma supports. Has the market found a bottom?
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