Markets pushed higher Today but faded during intra-day price action, most of the indexes stopped at their 5 SMAs on the daily chart. We may be getting into a consolidation stage. As far as the price action charts are concerned, there is not much pressure on the down-side movement, which is a good signal of consolidation.
Wednesday, February 10, 2010
02/09 Daily Summary
Markets pushed higher Today but faded during intra-day price action, most of the indexes stopped at their 5 SMAs on the daily chart. We may be getting into a consolidation stage. As far as the price action charts are concerned, there is not much pressure on the down-side movement, which is a good signal of consolidation.
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