On Wednesday, markets opened flattish and essentially traded in a tight range all day. (The QQQ was slightly more volatile, but still traded in a 1.5% range.) This leaves us with indecisive Doji-like candles on the day, with the SPY and QQQ failing to climb back above their T-lines (8ema) and DIA managing to climb just back above and hold it.
Seven of the 10 sectors were in the red, with only Healthcare being more than half of a percent in the green. Energy was performing worse than the other sectors, being down more than 2% with 30 minutes left. And on top of this, the market climbed back into the mid-range (no longer oversold).
Investing and trading involve significant financial risk and is not suitable for everyone. No communication or chat sessions should be considered as financial or trading advice. All information is intended for educational purposes only. Terms of Service
Post a Comment
Post a Comment