Stephen Bigalow
and The Candlestick Forum
The gap up in the NASDAQ and the S&P 500 on Friday, in the overbought condition, was a mild alert to start looking for possible profit-taking. If the markets close lower Today, a consolidation back to the 50 day moving average/T-line would be viable
January 22nd Daily Market Comments
The gap up in the NASDAQ and the S&P 500 on Friday, in the overbought condition, was a mild alert to start looking for possible profit-taking. If the markets close lower Today, a consolidation back to the 50 day moving average/T-line would be viable