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High Probability for an up day tomorrow and Wednesday.

Writer's picture: Benjamin JohnsonBenjamin Johnson

There is high probability for an up day tomorrow and Wednesday. The Dow futures is at 0% on the StochRSI 4-hour chart. This means the Dow is oversold. Look for an up movement soon. The Dow is also on the bottom Bollinger Band on the 4-hour chart. Its means that it is oversold when it hits the bottom Bollinger Band too. The Nasdaq futures showed a Doji (daily chart) on May 17, 2024. The Doji (candlestick reversal) was confirmed today with a white candlestick. The Nasdaq futures StochRSI is at 28% and rising. These indications give high probability of an up day tomorrow. There are no absolutes in the stock market. 5/20/2024



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