Quiet Day…What Is The WLSH Chart Saying? |
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I included that one tonight because it is the total market chart. It is not a very good looking one from the bulls perspective. It shows how it lost massive support when it fell below its trend line, 20- and 50-day exponential moving averages. Today it cleared back above all of those levels to get the bulls very excited. Problem was that the market trades for 6.5 hours per day, not 5.5. The last hour saw a long plunging tail, which allowed it to close back below the 20- and 50-day exponential
Filed under: Technical
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