Yesterday’s shooting star in the Dow was a good indicator to expect selling Today. The NASDAQ formed a bearish trend kicker signal, be careful of any bounce in that area today. Expect some more consolidation. The shooting star signal in the Dow yesterday is a significant indicator especially up in the overbought condition. Be cautious.
March 19th Daily Market Comments
Yesterday’s shooting star in the Dow was a good indicator to expect selling Today. The NASDAQ formed a bearish trend kicker signal, be careful of any bounce in that area today. Expect some more consolidation. The shooting star signal in the Dow yesterday is a significant indicator especially up in the overbought condition. Be cautious.