Subscribers Special Report Via -TradesAfterWork.comPosting this to share with our readers: (We really like these Weekly Technical Briefs by TaW) As you can see in this daily chart of the Nasdaq Composite Index prices did not find support at the 12 Day Exponential Moving Average last week. All is not lost, though, because the Index is seeking to find support at the 21 Day EMA (blue box). This is still very normal action in the background of a bull market. In fact this Index could retouch the 50 Day Simple Moving Average and remain in a bull market. Currently PPO has crossed below, but is above its zero line which shows drag on momentum. The short-term trend of the market remains positive.The weekly chart of the Composite Index, below, is intermediate in terms of trend and the trend is positive. The only concern is that you also see the PPO has crossed below (red circle), just as it has in the daily chart. Again this is reflective of some of the slow up in positive momentum. As you will note, the prices for the previous 3 weeks have closed above its 10 Week Moving Average.This weekly chart of the S&P 500 Index looks very similar to the Composite. One of the main difference is that the PPO is positive, with no cross going below its signal line. With the chart of RSP (equal-weighted S&P 500 Index) looking identical to the Composite index, this looks very favorable for the bulls, since this means the market is more broad in its bullish action. Rather than the few stocks that move the S&P, the RSP is showing that we are having a real participation in the bull market by many companies.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. With our Daily Trackdowns, check back for additional analysis/observations during the trading day in the comments by us or our readers. .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. Give Try2BeFunded a try! .