Daily Market Commentary: Small Losses
Not surprising to see markets ease lower on light volume. It's a buyers pullback, although there is room for further weakness tomorrow without bursting the bubble.
The S&P has the 50-day MA to lend a hand as support.
While the Nasdaq has support at 3,695 to work with
And the Russell 2000 has the "W" neckline support to lean on.
Watch the aforementioned levels for buying opportunities either Friday or Monday.
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Dr. Declan Fallon is the Senior Market Technician and Community Director for Zignals.com.
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The S&P has the 50-day MA to lend a hand as support.
While the Nasdaq has support at 3,695 to work with
And the Russell 2000 has the "W" neckline support to lean on.
Watch the aforementioned levels for buying opportunities either Friday or Monday.
---
All Contributions Welcome - Thank You!
Follow Me on Twitter
Dr. Declan Fallon is the Senior Market Technician and Community Director for Zignals.com.
You can read what others are saying about Zignals on Investimonials.com.
JOIN ZIGNALS TODAY - IT'S FREE!