Thursday, February 26, 2009

Today's Markets

Notice on the 10 day chart that prices have moved through key support of the upward trending line that started a few days ago.

On today's chart, notice that prices mved higher until about 10 AM and them moved lower for the rest of the day. Also notice that prices ended the day near their low point on a volume spike.

On the daily chart, notice that prices moved through the 10 day SMA but could not maintain their upward momentum today. That's bearish going forward.