The NASDAQ and the Dow did not close above the T-line yesterday. This would have provided some suspicion that the downtrend may not be over. Today’s lower trading appears to be causing the market to have a slow drifting downtrend/profit-taking versus any major change of investor sentiment
July 28th Daily Market Comments
The NASDAQ and the Dow did not close above the T-line yesterday. This would have provided some suspicion that the downtrend may not be over. Today’s lower trading appears to be causing the market to have a slow drifting downtrend/profit-taking versus any major change of investor sentiment