The common mistake of advanced traders are being too early, they anticipate the market.

Where else beginner traders typical mistake is being late for the market.

You see a turn coming, position yourself but the market show you another way or taking it own sweet time to turn.

Hello welcome to my US market weekly review.

Let’s us look at the charts.

S&P 500

S&P 500 closed at 2,039.82 points, up 7.9 points for the week.

Weekly Impulse system is green(prohibit from selling short)but the daily chart is turning blue.

Mostly we will see pull back from S&P 500 as the MACD histogram is ticking down.

Dow Jones Industrial

Dow Jones closed at 17,634.74 points, up 60.81 points for the week.

Weekly Impulse system is green(prohibit from selling short) but the daily chart is turning blue.

Daily MACD histogram is ticking down. It has the same pattern as S&P 500. I am expecting some pull down.

NASDAQ

NASDAQ closed at 4688.54 points, up 56 points for the week.

Weekly Impulse system is green(prohibit from selling short) but the daily chart is turning blue.

Daily MACD histogram are ticking down. It has the same pattern as Dow Jones S&P 500.

In summary, the bullish leadership seems to become weaker and weaker. Be caution. Protect your long positions with hard stops.

Best wishes,

Divergence Trader Francis

Disclaimer: This blog is created for the sole purpose of education, discussion and knowledge sharing. All charts and information can be obtained freely from the internet. All analysis are based on my own personal view and years of experience. It should not be used as a decision to solicit buy/sell activity. Use all information at your own discretion and practice due diligence.

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