Indecisive trading trend in the market indexes, provided the indexes trade near the high end of their range Today. Yesterday’s close below the T-line showed signs of bearish sentiment starting to come into the markets. The indexes need to close near the high end of their range Today. Fortunately, these market conditions allow candlestick patterns to work. QS is forming a McMuffin pattern up through the T-line. OCGN continues the scoop pattern confirmation. STON still working positive after the bullish kicker signal. Continue to use the T-line as your final indicator.
April 23rd Daily Market Comments
Indecisive trading trend in the market indexes, provided the indexes trade near the high end of their range Today. Yesterday’s close below the T-line showed signs of bearish sentiment starting to come into the markets. The indexes need to close near the high end of their range Today. Fortunately, these market conditions allow candlestick patterns to work. QS is forming a McMuffin pattern up through the T-line. OCGN continues the scoop pattern confirmation. STON still working positive after the bullish kicker signal. Continue to use the T-line as your final indicator.