The evening star signal in the Dow and the S&P 500 are confirming today. The NASDAQ opened at the T-line and immediately started trading lower. If the indexes close near the lower end of their trading range today, expect wave three of a bearish J hook pattern to be in progress. Add short positions to the portfolio today. Gold is breaking out of a frypan bottom pattern,NUGT a good long positions.
February 3rd Daily Market Comments
The evening star signal in the Dow and the S&P 500 are confirming today. The NASDAQ opened at the T-line and immediately started trading lower. If the indexes close near the lower end of their trading range today, expect wave three of a bearish J hook pattern to be in progress. Add short positions to the portfolio today. Gold is breaking out of a frypan bottom pattern,NUGT a good long positions.