Friday closed the week green across the broader markets on light volume. Leaving a very narrow range day and pretty lackluster action coming off Thursdays big day. However, the Friday rebound left us about 50% recovered and neutral. Not a day bad given the over reaction of the fall from Thursday. Now we are about where we should be to start Monday with less drama behind the move. Nasdaq, S&P 500, Russell 2000 and the Dow all closed with inside narrow range bars on Friday. Also CCI divergence came in, but the RSI confirmed the day, leavi[...]
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[Source: The Money Blogs]
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