FYI: It was a week of “fixing things” technically. Tuesday some geopolitical tension surfaced after North Korea launched a missile over Japan and indexes opened down but buyers dove in and the indexes essentially rallied 3 days straight at a 45 degree angle! Wednesday was a key day in so many ways on so many index charts – it wasn’t necessarily a big up day but it broke downtrends on key charts. (tax reform talk! yeah!) Just when you thought you could go bearish…. not so much! 5 straight days of gains! The S&P 500 added 1.4% for the week, while the NASDAQ raced ahead 2.7% on the back of biotechs.
Regards,
Ted
https://www.stocktrader.com/2017/09/04/weekly-market-recap-sep-3-2017/
