24-May

Markets rally off their lows

Hello SpikeTraders,Markets closed mixed as all three major indexes closed off their lows and near the high of the day. The Nasdaq was the weakest, closing down over 2% as the S&P500 was down 32-points, and the Dow Jones Industrials closed marginally higher by 48-points. With today's mixed action, what clues can we glean from the charts to see if the Spike Signal and Spike Bounce signal will be strong enough to provide additional upside for the rally? Let's look at the charts...

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