The NASDAQ and the S&P500 are now down for the third straight session while the DJIA slipped for the second day in a row. Though unwelcome, the decline is consistent with yesterdays pattern, which in the past, showed a further decline more often than a positive turn around.
Higher prices, however, are on tap for today, as shown by todays combination as illustrated in the graph. There is only decline that happened earlier this year- offset by six advances.
Meanwhile, note that recent daily results continue the recent sequence of differing daily patterns, seen only rarely before. Further, that history reveals these uneven patterns go hand in hand with bearish pricing.
DJIA -.81 percent
NASDAQ -1.52 percent
S&P500 -.99 percent
