The U.S. stock indexes closed weaker today
The U.S. stock indexes closed weaker today. The stock index bulls still have the overall near-term technical advantage. Right now, price uptrends are still in place on the daily bar charts. The lack of volatility at higher price levels suggests prices can continue to trend higher during what history shows has been a seasonally bearish timeframe for the stock market. This week will be an extra important trading week for several reasons. The end of the month and end of the quarter occurs Wednesday. Also, the stock market is half- way through it’s historically rough period of September and October. On Friday the key U.S. jobs report is issued. How the markets end this week’s trading action on Friday could well set the tone for how they will trend during the month of October.
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