Markets are lower on Monday on
light volume. SPY, at 2:30 pm ET, had traded 30.1 million shares, 51% below
average. Light volume pullbacks in an
uptrend are typically bullish.
Price pattern structure is still intact...QQQ, SPY,
DIA, XLF, FAS, XLI, XLK, XLP, IYR are still bull flag price patterns. Many individual stocks including BA, DIS, JPM,
MCD, AVGO, KLAC, NCLH, NTES, GLW, SCHW, WFC and WUBA, for example, are also still
bull flag price patterns.
(click image to enlarge)
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