Eerie Two-Day Bounce Foreshadowed Downside Continuation

The market accelerated to the downside late Wednesday morning, restesting the 21-day moving average that held last week. The S&P is down 1.3% as it appears the quiet two-day surge to start this week was nothing more than an oversold bounce. Monday and Tuesday had sort of an eerie feeling to them, and although the indices bounced back most charts were still looking sloppy. Commodities have...

View the full post at http://blog.t3live.com


Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!