Bull therapy 101-thread for technical analysis with the fundamentals

Looking at the US indices…

EAch of them have a wyckoff reaccumualtion, like nifty 50 and sensex have

price action seems to be positive in most aspects and rally should continue for the medium term…

1.dow jones industrial average


2.russell 2000

this one went through reaccumulation , completed it, went into markup and is agian forming a trading range consolidation it is unclear now, if it is a reaccumualtion or a distribution
3.s&p500

gap resistance hit but still a positive structure after multiple support tests and bulish candles in control of the trend… still in the trading range , no markup, in phase d of the wyckoff reacc schematics
4.nasdaq composite

another retest of support likely, but after the breakout of the trading range, the movement of price is doubtful and uncertain, bullish bars controlled the trend after breakout, yet, the demand hasnt showed up adequately to continue the rally, ensuring a need for retest of the supply at lower level… basic structure positive… should continue the markup …

one of the tenets of the dow theory is all indices should catch up and move in tandem…
here, clearly dow jones industrial and s&p are laggards and should be watched closely …

technically this is the 5th wave ongoing, after which a major correction is inevitable…

unless the laggard indices catches up, the corrective wave should be slow to become evident enough…