December 29th Daily Market Comments

Yesterday’s trading, although trading lower most of the day, had one important factor, the indexes all close back up above the T line. Today’s positive trading reveals a double doji pattern, implying more upside. This continues the prospects of the indexes breaking out of the top of the trend channel, starting the next wave. Stay predominately long but the breakout through the top resistance level is the main criteria for continuing an uptrend.

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