March 11, 2005: TD

After close analysis:

Trend day with plenty of resistance at emas in the morning before breaking down for the rest of the day.

Market breadth opened higher than previous day but soon broke down later in the afternoon after some consolidation.

Futures spent all day below their emas. AB, NQ, ES.

Indices were negative as well. Sox/Smh broke down from a multi-day wedge pattern and spent rest of day below their emas.

Overall neutral day!