In spite of all the political bombshells, the markets have pretty well continued their path. The NASDAQ is illustrated that the T-line was continuing to act as a support level. The consolidation in the Dow and S&P 500 showed that the 3T-line was a relevant support level. The prognosis remains the same, as long as the indexes continue to trade above the T-line, the uptrend remains in progress.
August 22nd Daily Market Comments
In spite of all the political bombshells, the markets have pretty well continued their path. The NASDAQ is illustrated that the T-line was continuing to act as a support level. The consolidation in the Dow and S&P 500 showed that the 3T-line was a relevant support level. The prognosis remains the same, as long as the indexes continue to trade above the T-line, the uptrend remains in progress.