The hard selloff on Friday breached a lot of support levels and formed a Doji followed by a strong gap down in the Dow. This indicates a change of investor sentiment. Although the markets are trading slightly positive this morning, there has not been any indication the bearish sentiment has been repaired. Watch for some more selling before any sustained uptrend can be put back in place.
September 12th Daily Market Comments
The hard selloff on Friday breached a lot of support levels and formed a Doji followed by a strong gap down in the Dow. This indicates a change of investor sentiment. Although the markets are trading slightly positive this morning, there has not been any indication the bearish sentiment has been repaired. Watch for some more selling before any sustained uptrend can be put back in place.