Consolidation? Appears to be. The Dow has currently used the T-line as support. The NASDAQ and the S&P 500 trading lower but currently trading above the open. The transportation index is trading positive after the hard selling of yesterday. The T-line remains the crucial analytical tool. It will be important to see how the indexes close relative to the T-line Today. A pullback is obviously in progress.
July 18th Daily Market Comments
Consolidation? Appears to be. The Dow has currently used the T-line as support. The NASDAQ and the S&P 500 trading lower but currently trading above the open. The transportation index is trading positive after the hard selling of yesterday. The T-line remains the crucial analytical tool. It will be important to see how the indexes close relative to the T-line Today. A pullback is obviously in progress.