The indecisive trading in Today’s market continues to demonstrate consolidation versus a reversal. Although the Dow is down slightly, the S&P 500 has gapped up producing a small bullish kicker signal, the NASDAQ is trading higher, but the most compelling indication that there is no consensus of selling is the transportation index trading up strong Today. The sideways/wedge trend analysis remains intact.
October 21st Daily Market Comments
The indecisive trading in Today’s market continues to demonstrate consolidation versus a reversal. Although the Dow is down slightly, the S&P 500 has gapped up producing a small bullish kicker signal, the NASDAQ is trading higher, but the most compelling indication that there is no consensus of selling is the transportation index trading up strong Today. The sideways/wedge trend analysis remains intact.