The NASDAQ is formed a Doji right on the 50 day moving average/T line. The S&P 500 is forming a Doji but well below the T line. The Dow forming a Doji well well below the T line. This makes tomorrow’s open very indicative of the trend direction of the markets, the Doji rule. Any long positions should have very compelling reasons to stay long. Look for good short positions.
January 19th Daily Market Comments
The NASDAQ is formed a Doji right on the 50 day moving average/T line. The S&P 500 is forming a Doji but well below the T line. The Dow forming a Doji well well below the T line. This makes tomorrow’s open very indicative of the trend direction of the markets, the Doji rule. Any long positions should have very compelling reasons to stay long. Look for good short positions.