The Dow is showing the strongest bullish chart. It has clearly revealed the T line is acting as a support level and setting up for a J-hook pattern, provided it closes near the high end of the trading range today. If it sells off hard, creating an ShootingStar signal, failing at the highs of last week, it would be indicating a double top. The S&P 500 and the transportation index are supporting above the T line. The NASDAQ continues to show the most weakness.
November 22nd Daily Market Comments
The Dow is showing the strongest bullish chart. It has clearly revealed the T line is acting as a support level and setting up for a J-hook pattern, provided it closes near the high end of the trading range today. If it sells off hard, creating an ShootingStar signal, failing at the highs of last week, it would be indicating a double top. The S&P 500 and the transportation index are supporting above the T line. The NASDAQ continues to show the most weakness.