The Dow and S&P 500 posted strong Accumulation Wednesday in a show of force from institutional grade buyers.
Volume patterns over the past week suggested a drying up of sellers. If doesn’t go down, it goes up.
But a glance at the weekly charts shows major overhead resistance to be dealt with by the indexes. Nothing ever goes straight up.
We’re still on the hunt for top-earning companies with stocks setting up in sound technical bases.