On the hourly chart for the Dow the very short term indicators are neutral while the green line with the price is very oversold. Basically anything can happen at this point and it would not surprise me. Any pullback and I would buy the market.
All indicators for the daily chart are overbought. Nothing really changed today. The NYSE had a 63% up volume day on an outflow of overall cash in the broader market. There was some more selling on strength of the index ETF's. When in doubt I say hold tight ... something will change to give us a clue as to what the market is going to do.
On the hourly chart for the Dow the very short term indicators are neutral while the green line with the price is very oversold. Basically anything can happen at this point and it would not surprise me. Any pullback and I would buy the market.
All indicators for the daily chart are overbought. Nothing really changed today. The NYSE had a 63% up volume day on an outflow of overall cash in the broader market. There was some more selling on strength of the index ETF's. When in doubt I say hold tight ... something will change to give us a clue as to what the market is going to do. 
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