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A quick summary tonight as the full market wrap will be in the Sunday Newsletter.
The S&P 500 managed to close above 1440 which was important. But it closed under the 200 period moving average so this index is still showing weakness.
Charts of the indices are still very weak and any more bad news will send them down another flight of stairs. The DOW actually has formed a bear flag and that in itself signals further decline is likely.
The S&P 500 managed to close above 1440 which was important. But it closed under the 200 period moving average so this index is still showing weakness.Check in Sunday night for the weekly Newsletter.
Good night Rebels...
1 Comment:
Hello from South Africa. Very well done my friend. Cheers and best tradng.
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