The Dow is now moved down to the 34 EMA, the NASDAQ and S&P 500 have moved down to the T-line. But note, the NASDAQ and the S&P 500 are currently forming two dark crows, a sell signal. The failure of the indexes reaching new highs in currently showing sell signals produce a strong probability the selling will continue. The short positions are working well today.
November 18th Daily Market Comments
The Dow is now moved down to the 34 EMA, the NASDAQ and S&P 500 have moved down to the T-line. But note, the NASDAQ and the S&P 500 are currently forming two dark crows, a sell signal. The failure of the indexes reaching new highs in currently showing sell signals produce a strong probability the selling will continue. The short positions are working well today.