The Nasdaq finished with a narrow range doji just above the 20-day MA. Volume was down, while the MACD and On-Balance-Volume remain in 'sell' mode.
The S&P was another narrow range doji, except without the technical weakness in the Nasdaq.
The Semiconductor Index remains outside of the rising channel as it morphs into a trading range.
Will tomorrow offer a more defensive action?
You've now read my opinion, next read Douglas' blog.
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