Mid-week market update: The words of the day seem to be patience and uncertainty. As the old Doris Day song goes, "Que Sera Sera". No one knows what will happen.
I've been monitoring the progress of major averages. Both the S&P 500 and the NASDAQ 100 staged brief breakdowns of support, though the NASDAQ 100 recovered. Most averages remain in their wedge patterns. One hopeful signs is the ability of non-U.S. markets to rally through their falling trend line, with the caveat that the sign of strength may be a fakeout much like the S&P 500 and the NASDAQ 100 late last week.
Much depends on the length of the war.
The full post can be found here.
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