Although the Dow is trading positive today, it is currently trading at the lower end of its candle. The NASDAQ and the S&P 500 are still trading below the T line. Remember, that is a very relevant indication of the direction of human nature. Note that numerous down trending stocks that may have shown a possible bounce yesterday are continuing to trade lower today. Short positions should be covered if they are appearing to close above the T line.
April 14th Market Direction
Although the Dow is trading positive today, it is currently trading at the lower end of its candle. The NASDAQ and the S&P 500 are still trading below the T line. Remember, that is a very relevant indication of the direction of human nature. Note that numerous down trending stocks that may have shown a possible bounce yesterday are continuing to trade lower today. Short positions should be covered if they are appearing to close above the T line.