Wouldn’t say that today was a great day for the bears, but it’s better than the bulls finding some hokey-pokey reason to run the tables on us today. Tomorrow we have the jobless claims and should set the tone heading into the open.
I’ve noticed some shooting stars on the indices of late and could be an early warning signal for the bulls to start tightening their positions. But then again, when have the bulls heeded any warning signal that presents itself out there?
Let’s check out the charts…
Click here for the analysis on the Nasdaq.
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