Stocks continue to sink even lower! The Dow is now down over 300 points in the past two days. More manic markets. The daily chart, below, still shows stocks in consolidation, because prices still haven't closed outside the upper Bollinger Band. However, we should also note the higher lows (but not significant higher highs). A MACD bullish convergence and the Klinger Volume indicator both suggest a breakout is more likely to occur to the upside.
