You can see my artwork skills on display as the pre-market implied opens for INDU, SPX and NDX are drawn in as white candles on the charts.
INDU is mostly below important moving averages and still below a neckline to a short-term bearish pattern.
SPX is better, as it never went below the implied neckline (not shown). But it is below the SMA 50.
NDX has been the weakling for over a month now and remains below the ‘Bull Cross’ (code for irrelevant) of the SMA 50 above the SMA 200. But a bear might wonder if bulls are getting sneaky here, making a ‘W’ pattern to go with an up-triggering MACD.
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