The T-line has demonstrated once again that it is an important support factor in the overall market trend. Today’s positive trading illustrated the Dow and the S&P 500 using the T-line as support. The gap up Doji through a resistance level in the NASDAQ produces good evidence that a new wave to the upside is highly likely. Stay predominantly long.
August 24th Daily Market Comments
The T-line has demonstrated once again that it is an important support factor in the overall market trend. Today’s positive trading illustrated the Dow and the S&P 500 using the T-line as support. The gap up Doji through a resistance level in the NASDAQ produces good evidence that a new wave to the upside is highly likely. Stay predominantly long.