It is not unexpected to see some consolidation in the markets after a good strong bullish week, going into a long weekend. However, the consolidation does not illustrate any weakness or pullback, merely flat trading on the day. This does not deter any of the candlestick bullish charts from continuing their trends. The uptrend remains in progress, especially after Gapping up into new territory Yesterday through obvious resistance levels. Use the T-line as your ultimate trend indicator.
May 26th Daily Market Comments
It is not unexpected to see some consolidation in the markets after a good strong bullish week, going into a long weekend. However, the consolidation does not illustrate any weakness or pullback, merely flat trading on the day. This does not deter any of the candlestick bullish charts from continuing their trends. The uptrend remains in progress, especially after Gapping up into new territory Yesterday through obvious resistance levels. Use the T-line as your ultimate trend indicator.