The Dow is currently nudging the first resistance level, the 50 day moving average. The NASDAQ is testing the downtrending resistance level. The uptrend is in progress but don’t be surprised about some profit-taking over the next day or two at these resistance levels.
March 6th Daily Market Comments
The Dow is currently nudging the first resistance level, the 50 day moving average. The NASDAQ is testing the downtrending resistance level. The uptrend is in progress but don’t be surprised about some profit-taking over the next day or two at these resistance levels.