BRCM target hit, market trend coming next!
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BRCM |
Quote |
Chart |
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PowerRating) tagged its daily upper Bollinger
bands on the nose at 49.50 from 48.60 trigger as pointed out in my last report.
The daily mini pup triggers are very strong even into a weak market. The target
of the daily upper Bollinger bands usually hit.
Still watching for possible trend market breakout
on Thursday as we tend to make trend moves then. The Nasdaq 100 e-minis leaned
to test the daily 15 period moving averages at 1692.50 and bounced back to close
at 1700. Market needs to crack 1708 to once again push a trend breakout move to
the upside.
If market doesn’t breakout on Thursday, then
expect consolidation again.
Jea Yu
Jea Yu has been involved with the
equities markets for over 10-years. He specializes with intraday trading in the
U.S. equities and futures markets. To receive a free 7 day trial to Jea Yu’s
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click here or call 888.484.8220, ext. 1.