The indexes are showing a whipsaw/indecisive mode. The positive trading after yesterday’s Doji in the NASDAQ and the inverted hammer type signals in the Dow and S&P 500 provide good evidence the recent support levels in the markets of two weeks ago may be continuing to act as support. The final criteria remains the T line.
March 9th Daily Market Comments
The indexes are showing a whipsaw/indecisive mode. The positive trading after yesterday’s Doji in the NASDAQ and the inverted hammer type signals in the Dow and S&P 500 provide good evidence the recent support levels in the markets of two weeks ago may be continuing to act as support. The final criteria remains the T line.