The downtrend remains in progress, the T-line continues to act as the confirmation of the evening star signal in the Dow last week. Continue to stay short, the biotech’s remain weak. The bearish left/right combo that formed in the NASDAQ on Friday is confirming with lower trading today. This would imply a possible test of the recent lows. Stay predominately short.
September 28 Daily Market Comments
The downtrend remains in progress, the T-line continues to act as the confirmation of the evening star signal in the Dow last week. Continue to stay short, the biotech’s remain weak. The bearish left/right combo that formed in the NASDAQ on Friday is confirming with lower trading today. This would imply a possible test of the recent lows. Stay predominately short.