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Market Analysis for Thursday

 

Thursday:  Expect the market to begin the day with a bias to increase as it opens on Thursday and brace for aggressive increases so long as initial support remains in tact.  Initial support is a key inflection parameter.  Usually this means that the Market is likely to decline if support breaks, and that's true for Thursday too, however this time our Market analysis tells us something more concrete.  Specifically, the market has built a firm base, and secondary support levels are not far away from initial support levels.  That means the declines that may follow a break of initial support, should one occur, are not likely to be significant unless secondary support levels break too.  In other words, support is multi-tiered.  More likely, according to the combined near term, mid term, and long term analysis that we have offered in our Market analysis pages, the Market should increase aggressively on Thursday, it should continue to increase beyond there as well, and eventually tests of longer term resistance levels should occur.  We have demonstrated this anticipated market move in our Market analysis pages and we have prepared detailed correlated trading plans there as well so that you can effectively anticipate and navigate the playing field from here.  Review the details now, prepare for Thursday, and get ready for the next leg of market direction with a firm understanding of the trading signals that exist.

Good Trading

Stock Traders Daily

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