The one alarm bell this morning was the weakness in the Consumer Discretionary Sector. That sector up to today has been relatively stronger than the rest of the market. Its weakness this morning was a warning sign. One support level after another fell. Support then becomes resistance.
Charles
Thanks Kelly,
ReplyDeleteNext week is usually bullish for large caps. Looks like swing traders are stocking up and reversing the market. Let's see if we have a bullish close in the last hour.
Charles