The indexes have been trading below the T-line for the past 4 to 5 trading days. But each day has been a very indecisive trading day, Doji’s. The sideways motion of the market would be obvious when analyzing any chart, however a candlestick chart provides additional evidence that the sideways motion of the market is including indecisive trading days. This clearly reveals there is no conviction from either the Bulls or the Bears. What should this be telling us? To be prepared for a dramatic move, usually indicated by a gap one way or the other. Although the market direction is not doing anything, be ready.
April 12th Daily Marker Comments
The indexes have been trading below the T-line for the past 4 to 5 trading days. But each day has been a very indecisive trading day, Doji’s. The sideways motion of the market would be obvious when analyzing any chart, however a candlestick chart provides additional evidence that the sideways motion of the market is including indecisive trading days. This clearly reveals there is no conviction from either the Bulls or the Bears. What should this be telling us? To be prepared for a dramatic move, usually indicated by a gap one way or the other. Although the market direction is not doing anything, be ready.