We started trading today with the market on the downside and it continues to trade lower this morning (10:35 AM EST) . As mentioned several times the previous bars’ 50% line on a ‘long’ real-body bar should act as support. When that’s violated it’s not a good sign.
If we close today below the 50% mark on yesterday’s bar it shows the market is still weak:
Watch the close carefullyespecially below DOW 7255… FYI