March 9, 2005: M day

After close analysis:

Market opened below 9-day ema and stayed there all day. This implies change in trend at least for intraday trading.

Market breadth was negative all day and much lower than previous day. Vold, Add, and Addq.

Futures spent day below emas. AB formed triangle most of the day (blow 9-day ema) until it broke down later in the day. All others were below their emas including ES200R chart.

Indices spent the day consolidating below their respective emas.

Overall neutral day!