Battle Lines drawn

Yesterday's lows mark the battle line for Bulls/Bears. The Nasdaq opened around its Tuesday low, but the gap down will probably suck things upwards until the momentum fades and the lows are revisited. TraderMike made a good point about Tuesday's relatively lackluster volume (for a capitulation). If the lows are breached it could get ugly:



Popular posts from this blog

Friday's gap downs bring indices close to support. Semiconductor Index at 200-day MA.

Upcoming "Death Cross" for Russell 2000 ($IWM)

"Dead Cat" Bounce or Something Better?

Archive

Show more