A.M. Look 2/26/19

The overnight lows are good.

Nasd 100 held its 200 DMA and the risk spreads are holding
their respective short term averages.

Nasd 100..Pit session gap is 7101.25-7116.
Spu...Pit session gap 2794.90-27.93.50.

The gaps are important from a charting perspective to see it the Indices
have a one day Island top.

This will show whether the Spu’s can start a normal corrective phase of -50 points
to fill weekly pit gaps from February or a continuation of an overbought rally.

Nasd 100 would have to close below its 200DMA @ 7073.50 across the board profit taking.

Home Depot is the weak link with disappointing earnings.

In Currency land the Pound rallied on a delayed Brexit vote.

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