Daily Market Commentary: Plenty of Volatility
Small Caps also finished with a bearish engulfing pattern but with some wiggle room to both 50-day MA resistance and 200-day MA support. Odds favour a move back to the 200-day MA.
Monday's action suggest Tuesday will see a continuation of the weakness. Bulls can't assume the rally from June lows can keep going up so it will be important for the indices to hold the upper end of last week's trading range.
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