Today’s premarket futures immediately indicated which direction the market was going to go, yesterday was merely a bounce after a downtrend had started. Now the trend analysis becomes very simple, the markets will be in a downtrend until there is a buy signal and a close above the T-line. Stochastics indicate at least another few days of downtrend before they get into the oversold condition. Stay predominantly short.
September 13th Daily Market Comments
Today’s premarket futures immediately indicated which direction the market was going to go, yesterday was merely a bounce after a downtrend had started. Now the trend analysis becomes very simple, the markets will be in a downtrend until there is a buy signal and a close above the T-line. Stochastics indicate at least another few days of downtrend before they get into the oversold condition. Stay predominantly short.