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The Dow has not closed below 10,000 since April 6.
The blue-chip index has not closed below 10,000 since last April 6.
Crucially the FTSE has not closed below 5800 which is seen as a major support level and clients have been buying into the FTSE at these levels.
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The Dow had traded below 10,000 several times this week, but had not closed below that level since July 6.
SAM shares have not closed below this trendline since mid-May.
Furthermore, the equity has not closed a session below its 10-day and 20-day moving averages since March 9.
The stock is now approaching support at its rising 20-week moving average, a trend line it has not closed a week below since mid-March 2009.
The stock enjoys additional support from its rising 10-month moving average a trend line WYNN has not closed a month below since July 2009.
The security is currently perched on support at its rising 10-week moving average, a trend line the stock has not closed a week below since early April.
From a short-term perspective, the equity is benefiting from the support of its 10-day and 20-day moving averages trend lines the stock has not closed a session below since early November.
During this time period, the security has not closed a single month below both of these moving averages.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com