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I'm not sure about a new line, but yesterday's low on the SPY was at the 200-day EMA.
Re: tsptalk's Market Talk
Tom, is there a new line to be drawn for SPX?? You will probably have it tomorrow??
Re: tsptalk's Market Talk
I'm not sure about a new line, but yesterday's low on the SPY was at the 200-day EMA.
Tom
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Re: tsptalk's Market Talk
Oil is down about 5%.
Small caps lagging and trying to hang onto support.
The Trannies started strong but have reversed down...
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Re: tsptalk's Market Talk
Early Tuesday...
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Re: tsptalk's Market Talk
At the close: Transports tank and close near the lows. Small caps improve but remain below support.
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Re: tsptalk's Market Talk
Oil prices down, market down, gas prices go no where... Yup, OPEC member States are our friends.
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Re: tsptalk's Market Talk
There's usually a lag between oil and gas prices. Even when oil is rising. But I'm sure there is some gauging along the way.
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Re: tsptalk's Market Talk
Nice little rebound, but it was due. The slope of the downtrend likely won;t last too long, but that second one near 8000 could.
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Re: tsptalk's Market Talk
Selling off a little, into the close.
Originally Posted by tsptalk
Nice little rebound, but it was due. The slope of the downtrend likely won;t last too long, but that second one near 8000 could.
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Re: tsptalk's Market Talk
Close to a negative reversal day.
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Re: tsptalk's Market Talk
so what does that mean Tom???Close to a negative reversal day.
Re: tsptalk's Market Talk
A negative reversal day would make downside follow through more likely during the next trading session. Being that it closed near the middle of the daily range, it's not as strong of a reversal.
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