Beware the bounce! It is not unusual to see an early morning bounce to the upside in a downtrend. The final criteria is the T line. Assume the market downtrend remains in progress as long as there is not a candlestick reversal signal and a close above the T line. Stay predominately short.
August 31st Daily Market Comments
Beware the bounce! It is not unusual to see an early morning bounce to the upside in a downtrend. The final criteria is the T line. Assume the market downtrend remains in progress as long as there is not a candlestick reversal signal and a close above the T line. Stay predominately short.