The bearish left/right combo in the NASDAQ yesterday was the strongest sell signal of the indexes. The Dow and S&P 500 form Doji’s, indicating potential weakness in the overbought conditions. The short positions continue to work well. Long positions showing sell signals are increasing. Anything closing below the T line should be closed out.
July 15th Daily Market Comments
The bearish left/right combo in the NASDAQ yesterday was the strongest sell signal of the indexes. The Dow and S&P 500 form Doji’s, indicating potential weakness in the overbought conditions. The short positions continue to work well. Long positions showing sell signals are increasing. Anything closing below the T line should be closed out.