By Investor’s Yak
Some say a Memorial Day rally occurs the day after this holiday. And this year, it coincides with end of the month “window dressing” falling on the last day of the week. But do yourself a favor and consider the major market index (i.e. NASDAQ, S&P500, and Dow Jones) weekly and daily Action Zones.
The market appears a little mixed with daily charts looking somewhat stretched to the upside. Both the weekly and daily stochastic is already overextended and the MACD is extended beyond its Action Zone. Market pullbacks might even be on the horizon. Be cautious and consider taking you profits if things get hostile.
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