Dull but for a Friday.... !
After close analysis:
Market breadth was +ve: vold trended upwards all day closing @ 583.00, add and addq trended higher.
Futures were subdued compared to market breadth but crossed 30m emas and stayed above them. I'm speculating that some were speculating and hedged with futures and went long stocks. This might translate to more upside next week.
Indices were all up with AB holding just above 30m ema. 6bar b/o didn't work on the short side and was a fake. On the long side the 6bar b/o worked at end of day.
This was a dull day till the final hour when things picked up on the long side. I traded the long side for the most part, but more trades than I normally do on a Friday. Markets are closed on Monday (MLK). Market closed up for the afternoon which is a bullish sign considering it's a Friday and market been correcting since beginning of year.
Overall positive day!
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