Today’s positive trading in the indexes have negated the potential sell signals of yesterday. However, it will be very important to see where the indexes close today. If the current bullish trading sells off towards the lower end of today’s trading range, yesterday’s sell signals will still be viable. Stay long in positions that have remained above the T line but always keep safety stops in place.
August 27th Daily Market Comments
Today’s positive trading in the indexes have negated the potential sell signals of yesterday. However, it will be very important to see where the indexes close today. If the current bullish trading sells off towards the lower end of today’s trading range, yesterday’s sell signals will still be viable. Stay long in positions that have remained above the T line but always keep safety stops in place.