March 7, 2005

After close analysis:

Market breadth was lower than Friday. Vold, Addq, and Add with Addq breaking down from a 2-day triangle.

Futures peaked around noon time and then reversed course for rest of day. ES, AB, NQ.

Indices mirrored futs with semis reversing off multi-day channel lower trendline. Dow reversed before reaching 11k!

Overall neutral day!