Subscribers Special Report Via -TradesAfterWork5/25/2020Posting this to share with our readers: (We really like these Weekly Technical Briefs by TaW).The weekly chart of the Nasdaq Composite Index is saying some good things about this market. The fact that this chart is weekly shows us that the intermediate term trend of the market has improved dramatically. The Percentage Price Oscillator (PPO) is positive and above the zero line for two weeks in a row now. Weekly Stochastics are positive and above 50% and the weekly Relative Strength Index (RSI) is also above 50%. What I believe is more important though, is that we got a "golden cross" on our moving averages for the first time since the February correction begin. That is shown by the 10 Week Simple Moving Average crossing above the 40 Week Simple Moving Average. The Composite continues to hold prices around the potential support of 9000, too.Because we are at the end of the the month of May, we can look at the more long term trend of the market. The monthly chart of the Comp is looking just fine with the monthly chart of the PPO going positive and above the zero for the first time since the February correction began. This shows that the longer term trend, particularly the momentum, continues to grow stronger. The monthly Stochastics along with the RSI are both above 50%. When it comes to the 12 Month Moving Average, the Composite's price looks strong with the monthly price closing convincingly above its 12 Month Moving Average. The trend is for the market to go up, but what could change that? It is possible the 2 charts below could come into play. Right now, until we see different we must stick with the trend we have today, and that is positive and going up.I have shown this chart a number of times. The reason why is that this Bullish Percentage Index of the Nasdaq 100 (QQQ) has still not played its hand. The chart continues to show lower tops and lower lows when it comes to sellers O's and buyers X's. Last week I mentioned that we would need a break out at 78% to change this trend, actually the number is 80%. Looking closer at the chart 78% would be a double top and 80% would be a break of that double top. This chart, along with the chart of the S&P 500 Index below, will likely help determine if this V shaped bottom is really going to stick or if this is only a bear market rally.Finally, the Bullish Percentage Index of the S&P 500 Index is possibly showing a similar pattern as the Bullish Percentage chart of QQQ. At this point it is really too early to determine that, but this is how a chart of lower highs and lower lows begins. The S&P 500 Bullish Percentage Index will need to continue to remain in X's, break above its double top at 78% and trade as high as 80% to give a double top break out showing that there are still more buyers in the S&P 500 Index than sellers.Please also remember to read today's Subscribers Special Report about changes in the frequency of our Newsletter.If you have any questions or I can be of any assistance please don't hesitate to contact me.Take Care!Learn more about them here - TradesAfterWork.com -https://twitter.com/BERNARDCLAY9!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs");Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal.If you liked this article, please click the LIKE (thumbs up) button.Feel free to leave any comments, question, or opinions. (Sign-up if you haven't already done so).Follow us/bookmark us and check back occasionally for additional articles or comments on our page...Wild Tiger Trading - start/main page..Are you interested in trading stocks to supplement your income or make a living? Maybe become a professional trader? Many traders have the skills and nerves to trade, but not the upfront capital. Well now that problem is solved!Try2BeFunded has expanded its trading program! If you're a novice or experienced trader, you can earn access to a trading account with up to $100,000! To learn more about how to qualify, click HERE and give it a shot! You have nothing to lose it is free to try..