The market had nice gain this morning. But both Nasadq and $SPX certainly found strong resistance at their daily 50EMA and 20EMA, respectively. In the last hour, they lost all the gain and closed with almost even. Daily $SPX showed a bearish candlestick: inverted hammer.The market breadth is still negative. The bounce starting a few days ago could finish today. The market has higher chance to resume to go downside tomorrow morning.
A down day tomorrow could trigger my SuperTrend system to issue a new Sell signal.
Posts
No comments:
Post a Comment