The SPX and COMPQ had outside bar accumulation days after a big gap down today. Both remain below the 50 day moving average and I am not ready to call a bottom without real buying next week. But the action today is positive.


Charts courtesy of Stockcharts.com
At this point the SPX is stronger than the Nasdaq Composite over the last week.
Tags: Accumulation Day · Double Bottom · Nasdaq Charts · Standard and Poor's 500 (S&P500)No Comments
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