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SP500 --- 4,300.46 -56.58 (-1.30%)
The DJI opened at 34313, off 14 points, and quickly rose to 34410, up 84. After drifting mostly sideways for a half hour, it took a hard fall to 33906, off 421 after 10:30. It bounced then fell more slowly, hitting 33822, off 505, after 11:30. From there it drifted sideways with a slight upward slant, ending the day at 34003, off almost a percent.
This is an inside day by 80 points at the top and 36 at the bottom. The span was 589. The Index is below its 13 and 55 day EMAs, and today's range includes the 144 day EMA. It's slightly above its July lo.
The SP500 started slightly negative, then followed the same path as the DJI. It had a clearly down day by 20 and 10 points. At the lo, it just dipped into its support zone, and the entire session was well below its 55 day EMA. This is the lowest it has been since July. It won't take much more of a drop to hit the 144 day EMA [dark purple line on the chart.]
The NASDAQ started deeper in the red then followed the same path, ending off over 2%. It had a clearly down day by 107 and 142 points. It hit its 144 day EMA, right at the top of its support zone. This is the lowest it has been since July
The Russell 2000 also had the same contour. It had an inside day by 11 points at the top and 13 at the bottom. The 13 and 55 day EMAS have converged, and are contained in today's range. The Index is above its support zone and well above its 144 day EMA.
Two indexes clearly down and two inside, but all lower at the close. In the absence of any contrary indications, I'm going to say the short term trend is still down. If there is anything positive about today's session, it's that each index had a slight up-tick in the closing moments. Pretty weak tea.
DJI Closings -
10/01/19 - 26574
10/02/20 - 27683
09/03/21 - 35369
10/04/21 - 34003
NYSE Internals –
A/D = 1189/2181 = 0.55
A/D Vol = 0.84
New Hi/Lo = 116/96 = 1.21