Where does the market want to go? It doesn’t know either! Until the market settles down, moving away from huge whipsaw moves intraday, any trading should be oriented toward the 10 min. candlestick chart. Until there is a candlestick reversal signal, the downtrend remains in progress. Intraday buying requires confirmation going into the close. Trade nimbly.
August 25 Daily Market Comments
Where does the market want to go? It doesn’t know either! Until the market settles down, moving away from huge whipsaw moves intraday, any trading should be oriented toward the 10 min. candlestick chart. Until there is a candlestick reversal signal, the downtrend remains in progress. Intraday buying requires confirmation going into the close. Trade nimbly.