A bullish day, the markets trading positive? The graphics of candlestick signals provide much greater clarity as to what the trend of the market is actually doing. Although trading positive, the indexes are trading below where they opened. This provides immediate verification that there isn’t any compelling strength yet in this market trend, merely a positive open. Anticipate the Dow and S&P 500 to test the 50 day moving average, implying some more downside.
May 5th Daily Market Comments
A bullish day, the markets trading positive? The graphics of candlestick signals provide much greater clarity as to what the trend of the market is actually doing. Although trading positive, the indexes are trading below where they opened. This provides immediate verification that there isn’t any compelling strength yet in this market trend, merely a positive open. Anticipate the Dow and S&P 500 to test the 50 day moving average, implying some more downside.