The Wrap: Nobody in Control

Nobody in control

It is rare to see such a big doji candle as we saw today. NASDAQ (futures) basically closed at the same level as we opened at, but the intra day range was huge. This is a classical sign of nobody in control (yet). Note we closed right on the 50 day, and pretty much right on the trend line. Short term supports to watch: 25k, 24500. Short gamma