13,300 is the next target in the market for this week.
Last Friday we closed with Rising Three pattern (it was done with 4 candles). This is continuation pattern so most likely we are going to see 13,300 this week.
Indicators are confirming but Strength indicator such as ADX is not. So this bullish trend does not have good solid strength and that is probably why we have been having these uptrend channel like bullish run.
Because of the strength of this trend is weak, we might pull back a little tomorrow and next day.
S&P same story. Rising Three pattern and next target is $1420.
Again Indicators are confirming the bullish run but ADX is saying strength is weak.
So we might even pull back a little and test $1370 before continuing bullish.
