The market opened trade significantly lower this morning, but shortly after 11 EST the losses were retraced. It was largely sideways action from there with the DOW hitting an intraday high just North of 13,027, but once again it failed to close above the 13,000 level, settling at 12,981.51 at the closing bell.
The Seven Sentinels remain in a sell condition. And while momentum continues to point lower, the market is showing incredible resilience. Is another short covering rally in the works? Or will it be different this time?
The Seven Sentinels remain in a sell condition. And while momentum continues to point lower, the market is showing incredible resilience. Is another short covering rally in the works? Or will it be different this time?
