After two weeks of indecisive trading in the markets, it was looking for a direction. The past couple days of trading indicated a slow curve set up to the upside. One consistent factor that remained in the uptrend was the fact that the indexes could not close below the T-line. Friday’s bullish action in the markets indicate the direction this market should move after two weeks of Doji type trading days. A strong uptrend should be in progress provided Friday’s trading maintains its strength going into the close.
November 21 Daily Market Comments
After two weeks of indecisive trading in the markets, it was looking for a direction. The past couple days of trading indicated a slow curve set up to the upside. One consistent factor that remained in the uptrend was the fact that the indexes could not close below the T-line. Friday’s bullish action in the markets indicate the direction this market should move after two weeks of Doji type trading days. A strong uptrend should be in progress provided Friday’s trading maintains its strength going into the close.