March 3, 2021, 9:06 am EST
Tough Battle at Diamond Top
Last week two big down days and this week one up one down confused market participants on market direction.
Indeed, the diamond top pattern appears on Dow Jones (ETF: dia) chart which gave an undecided signal. However, the timing is near to reveal its intention.
Nasdaq is weaker than Dow Jones so it could provide another hint as a leading indicator if the direction is on the downside.
Meantime, it would be wise to stay calm until markets tell us its next move.