The day before a three day weekend may not illustrate any dynamic trading movements in the markets. These type of trading days should exhibit bullish charts continuing above the T line i.e. HUT, and bearish charts still working below the T line i.e. DOMO. The Dow continues to move sideways in a wedge formation, the NASDAQ is showing consolidation after the gap up Doji on Wednesday. Keep safety stops in place.
September 3rd Daily Market Comments
The day before a three day weekend may not illustrate any dynamic trading movements in the markets. These type of trading days should exhibit bullish charts continuing above the T line i.e. HUT, and bearish charts still working below the T line i.e. DOMO. The Dow continues to move sideways in a wedge formation, the NASDAQ is showing consolidation after the gap up Doji on Wednesday. Keep safety stops in place.