S&P 500, Nasdaq Weakness Grows as Dow Jones 'Bull Trap' Expands

Nasdaq 100 Nouvelles

S&P 500, Nasdaq Weakness Grows as Dow Jones 'Bull Trap' Expands
S&P 500Dow Jones Industrial AverageUS Small Cap 2000
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Stocks Analysis by Declan Fallon covering: Nasdaq 100, S&P 500, Dow Jones Industrial Average, US Small Cap 2000. Read Declan Fallon's latest article on Investing.com

Selling volume was light, but there are new 'sell' triggers in the MACD and +DI/-DI to mark a shift in the August bullish trend. Given current momentum, a test of the 50-day MA looks likely.) gave up support of its 50-day MA and is now looking at a test of the 200-day MA. A return/close above its 50-day MA would set up a bear trap against this average and likely be enough to challenge $225 again.

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