Indices 15/07, page-24

Good news & bad news overnight

All the mega caps got dumped last night
So all the mega caps on the xjo should dump today
Oh wait. We don't have any.
But that shouldn't stop our bears from trying to sell today anyway
A red candle is a red candle. It means "sell" right? Right?

Apart from the Spx & nasdaq consolidating (as expected), the rest of the markets held up well
Some better than expected

Today is the first intraday test of support on the xjo since the start of the month
We find out how much of these gains will hold & how much was actual fluff
We also find out if bulls can hold onto this new range & continue the push for a true market top or if they were being a little too ambitious this early

Good luck bears
The ball is in your court