Ski .. SPX and MID are below the 50dma ..
The candles are not bullish ones so I don't know what to say. They are both going to find resistance on the 50dma. It's going to take some market sentiment change.
S&P stockcharts.com[w,a]dacayiay[da][pb50!h.02,.20!f][vc60][iut!Ua12,26,9!Uv25]&pref=G
S&P Mid Caps stockcharts.com[w,a]dacayiay[da][pb50!h.02,.20!f][vc60][iut!Ua12,26,9!Uv25]&pref=G
Nasdaq stockcharts.com[w,a]dacayiay[da][pb50!h.02,.20!f][vc60][iut!Ua12,26,9!Uv25]&pref=G
SOX .. this one is at least a spinninng top. Not a solid reversal candle. stockcharts.com[w,a]dacayiay[da][pb50!h.02,.20!f][vc60][iut!Ua12,26,9!Uv25]&pref=G
BTK stockcharts.com[w,a]dacayiay[da][pb50!h.02,.20!f][vc60][iut!Ua12,26,9!Uv25]&pref=G
INDU stockcharts.com[w,a]dacayiay[da][pb50!h.02,.20!f][vc60][iut!Ua12,26,9!Uv25]&pref=G
I just don't see the Bull Case today.
Ray |