Turnaround Tuesday to the DownsideBy Harry Boxer, The Technical Trader (www.thetechtrader.com) Today was turnaround Tuesday, as the market moved lower all session, closing at the lows for the day going away.The day started out with about 30 minutes of backing and filling nearthe zero line, but when no rally was apparent, they started sellingoff, broke initial support, and then sold off sharply to test supportlows. They did bounce late in the morning, but at lunch hour they werestymied at resistance near the intraday moving averages, and for th[...]
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[Source: The Money Blogs]
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