Today's Markets

Remember that I'm looking for the market to consolidate at or near current levels. The reasons are listed in today's Market Monday's Post.



Today prices moved above the 10 day SMA. However, prices are still between the 90 and 108 levels where I think they are currently consolidating. All other pieces of the technical puzzle are still bearish:

-- The SMAs are moving lower

-- The shorter SMAs are below the longer SMAs

-- Prices are still below (way below) the 200 day SMA