The Dow and the transportation index are providing the most evidence of basing/reversing. The Dow showing strength at the 50 day moving average support level. The S&P 500 forming a Morning Star signal at the 50 day moving average. Now the final confirmation is required, closes above the T line. It will be important to see how the markets close today.
April 19th Daily Market Comments
The Dow and the transportation index are providing the most evidence of basing/reversing. The Dow showing strength at the 50 day moving average support level. The S&P 500 forming a Morning Star signal at the 50 day moving average. Now the final confirmation is required, closes above the T line. It will be important to see how the markets close today.