Despite the sharp September rally, the Nasdaq Bullish% Index ($BPCOMPQ) remains stuck in a consolidation and has yet to break its summer highs. The Bullish Percent Index broke support with the May decline and needs to break above current resistance to negate the current P&F sell signal. Click the imaqe below to see 16 sector and index Bullish Percent charts.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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