Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Possible Support or Delaying the Inevitable?

I will be looking at today's close in order to get a better sense and understanding of the markets current condition. In order for the DJIA to stabilize, it needs to bounce off the 13k level and reclaim its 200 day MA in the upcoming days and weeks. Otherwise, this is just an oversold bounce with resistance (instead of support) at the the 200 day MA.



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