The Dow Jones Industrial chart shows yesterday although it did not make a new high, the good news it did not make a new low. Two days ago it hit its 13 day moving avg. Today could be pivotal!! will it continue its current lower trend or start to consolidate and move upward?S & P futures ( by looking at this it gives you an idea of how overnight trading did and how the market may open today) shows that the market will open flat to lower. Lets hope their are some reports due out today that will put a positive spin on the market. No trade for me today, but keep watching your charts, there will be a buying opportunity around the corner.
Have a great day and Happy Charting!!
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