The Traderszone Network

Published in TZ Latest News 13 August, 2014 by The TZ Newswire Staff

Major Index ETFs Pull Back with Bull Flags

Stocks surge from early Friday to early Monday and then corrected from Monday afternoon to Tuesday. A four day chart reveals a pattern similar to a 1-2 day surge followed by a 1-2 day falling flag. In other words, this week’s pullback may just be a mini correction and strength today could trigger flag breakouts on the intraday charts. Keep in mind that small-caps were showing relative strength in…