There is likely to be more volatility in days to follow, but the charts are telling us that the downward momentum is easing.
SPX Daily Chart:
Thursday, January 10, 2008
Broad Markets Rally
With the help of some news the markets rallied and held up fairly well. Notice on our daily candle that the SPX closed above the closes of the last 3 days of trading. This candle is confirming the formation of a possible bottom.
There is likely to be more volatility in days to follow, but the charts are telling us that the downward momentum is easing.
SPX Daily Chart:
There is likely to be more volatility in days to follow, but the charts are telling us that the downward momentum is easing.
SPX Daily Chart:
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment