Let's see if they can cease the daily close first. An engulfing candle would be most interesting.
pantheo
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@DeanT, Friday's candle was nasty, didn't expected it after O/S reversal. Finally found strong resistance at daily level but created a HH. In Dow shows a dark cloud candle but in SPY things are interesting. Close below the gap and the short term uptrend line. We'll see today maybe further pressure downwards.
DeanT
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@pantheo, The NASDAQ, put in a failed HH after a re-test, so let's see how it all unfold.
pantheo
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@DeanT, we'll see today's close. Nasdaq's 11 day recovery since the low is the fastest after 2000. Needless to say that everytime did this, no matter how long it took, 3 month returns was negative.