The markets appear to be in a consolidation stage, not trading higher but not trading with any definite lower trading. The NASDAQ is firing a warning shot. It was trading up above the breakout level earlier but now has pulled back below the breakout level, indicating the potential failure of moving to new higher levels.
August 23rd Daily Market Comments
The markets appear to be in a consolidation stage, not trading higher but not trading with any definite lower trading. The NASDAQ is firing a warning shot. It was trading up above the breakout level earlier but now has pulled back below the breakout level, indicating the potential failure of moving to new higher levels.