The Dow and the transportation index clearly failed at the 50 day moving average. The NASDAQ, after a bearish left/right combo is now formed a bearish Doji sandwich back to the 50 moving average. The S&P 500 has traded down through the 50 day moving average and the T line. Any long positions should be closed if they are showing sell signals.
September 6th Daily Market Comments
The Dow and the transportation index clearly failed at the 50 day moving average. The NASDAQ, after a bearish left/right combo is now formed a bearish Doji sandwich back to the 50 moving average. The S&P 500 has traded down through the 50 day moving average and the T line. Any long positions should be closed if they are showing sell signals.