March 6th Daily Market Comments

The expected weakness in the market is still being exhibited today, based upon the strong bearish left/right combo that occurred two trading days ago. The weaker trading in the Dow still provides the prospects of a bearish Doji sandwich, taking the trend down much lower, possibly the same magnitude as two days ago. The NASDAQ and the S&P 500 are both currently hovering right in the T line support area. Closes above the T line will be very important today in those indexes.