A consolidation day, the Dow has pulled back to the 50 day moving average, a common movement after breaking up through the 50 day moving average as a resistance level, now testing to see if it will act as support. It will be important to see the Dow stay above the 50 day moving average today. TSLA breakout is helping the electric vehicle/charging station sector.
July 21st Daily Market Comments
A consolidation day, the Dow has pulled back to the 50 day moving average, a common movement after breaking up through the 50 day moving average as a resistance level, now testing to see if it will act as support. It will be important to see the Dow stay above the 50 day moving average today. TSLA breakout is helping the electric vehicle/charging station sector.