The CPI results are much more clearly illustrated when using candlestick charting. Investor sentiment is confirmed by using the T-line. As described in today’s trading, the indexes show powerful bullish results after announcing the CPI numbers. However, although the indexes finished up slightly positive, they closed below where they opened and below the T line. This revealed that bullish sentiment had not taken over. Trading strategies are straightforward: if the overall market downtrend is in progress, take advantage of the solid bearish power moves, the bearish best friends, and the bearish kicker signals.
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Good Investing,
Stephen Bigalow
