The market indexes consolidated early today but is now trading above where they opened. This reveals the lack of any selling pressure as of yet in this market. The trend channel that has developed since late January implies the uptrend will remain in progress. Continue to stay predominantly long with any short positions showing compelling reasons to stay short. This is why we recommend Trend Analysis.
April 18th Daily Market Comments
The market indexes consolidated early today but is now trading above where they opened. This reveals the lack of any selling pressure as of yet in this market. The trend channel that has developed since late January implies the uptrend will remain in progress. Continue to stay predominantly long with any short positions showing compelling reasons to stay short. This is why we recommend Trend Analysis.