Yesterday’s reversal in the market trend illustrated the 34 EMA was acting as a resistance level. The Dow is currently the only index that is showing the T line as a support. The other indexes are now trading below the T line. The overall market trend is still in a downward channel. Watch the T line.
June 29th Daily Market Comments
Yesterday’s reversal in the market trend illustrated the 34 EMA was acting as a resistance level. The Dow is currently the only index that is showing the T line as a support. The other indexes are now trading below the T line. The overall market trend is still in a downward channel. Watch the T line.