We have an interesting set taking place now. 1200 SPX is falling and the NASDAQ is stuck at the underbelly of the 50 day MA. The question becomes, does the SPX pull the NASDAQ higher or go higher by itself to that 1210 area where it is likely to fail the first time around?
Note the 10450 area DJIA looks like an opportune time to short as well. Right now, you have to keep leaning long, expect up and back action and realize that we are still working within a intermediate term down trending market. That has not changed yet.
Note the 10450 area DJIA looks like an opportune time to short as well. Right now, you have to keep leaning long, expect up and back action and realize that we are still working within a intermediate term down trending market. That has not changed yet.
0 Comments:
Post a Comment
Links to this post:
Create a Link
<< Home