Note that the initial buying in the Dow, S&P 500, and the NASDAQ all failed at the T line before starting to sell off. The sideways trend channel of the indexes appear to be the predominant analytical factor. This implies some more indecisive volatility as long as there is not a breach of the sideways trend channel. This will make longer-term holds, anything more than three days, hard to keep in place.
December 7th Daily Market Comments
Note that the initial buying in the Dow, S&P 500, and the NASDAQ all failed at the T line before starting to sell off. The sideways trend channel of the indexes appear to be the predominant analytical factor. This implies some more indecisive volatility as long as there is not a breach of the sideways trend channel. This will make longer-term holds, anything more than three days, hard to keep in place.