1.) The SPY and the QQQQ all sold-off at the end. The SPY's selling volume was higher than previous bars and the QQQQs had a volume spike at the end.
2.) The indexes tried to rally from the post-Ben sell-off, but couldn't keep the momentum going.
Wednesday, March 28, 2007
The Markets Today
Here are today's daily charts of the SPY, QQQQ and IWN. These charts have a bearish bias for the following reasons:
1.) The SPY and the QQQQ all sold-off at the end. The SPY's selling volume was higher than previous bars and the QQQQs had a volume spike at the end.
2.) The indexes tried to rally from the post-Ben sell-off, but couldn't keep the momentum going.
1.) The SPY and the QQQQ all sold-off at the end. The SPY's selling volume was higher than previous bars and the QQQQs had a volume spike at the end.
2.) The indexes tried to rally from the post-Ben sell-off, but couldn't keep the momentum going.
