The NASDAQ, although selling lower today so far, is still supporting on the 3T-line. The S&P 500 has supported on the T-line. The Dow is showing the greatest weakness with it trading below the T-line, but not yet showing any decisive movement either Bullish or Bearish. The most profitable/productive trades continue to be results of Candlestick Patterns, Frypan Bottoms and J-hook Patterns. The overall market uptrend remains in progress albeit very slow. This is why we recommend Trend Analysis.
May 10th Daily Market Comments
The NASDAQ, although selling lower today so far, is still supporting on the 3T-line. The S&P 500 has supported on the T-line. The Dow is showing the greatest weakness with it trading below the T-line, but not yet showing any decisive movement either Bullish or Bearish. The most profitable/productive trades continue to be results of Candlestick Patterns, Frypan Bottoms and J-hook Patterns. The overall market uptrend remains in progress albeit very slow. This is why we recommend Trend Analysis.