Thursday, February 25, 2010

Today's Market

A.) Prices are consolidating between the 50% and 61.8% Fibonacci level.

A.) Also note the price/EMA picture. Prices are consolidating on top of the EMAs. The shorter EMAs are moving higher, although at a smaller angle. However,

Notice the overall position of the microcaps. Instead of falling to the EMA for technical support, they are holding steady, as are

The Transports.