Today’s consolidation is not unexpected. Remember when a price moves through a resistance level, as seen in the Dow at the 50 day moving average, it is not unusual to come back and test to see if that resistance level is now going to act as support. Stay long, watch to see how the Dow reacts at the 50 day moving average.
March 21st Daily Market Comments
Today’s consolidation is not unexpected. Remember when a price moves through a resistance level, as seen in the Dow at the 50 day moving average, it is not unusual to come back and test to see if that resistance level is now going to act as support. Stay long, watch to see how the Dow reacts at the 50 day moving average.