Markets continue to show the lack of conviction one way or the other. These market conditions make for high profit patterns very viable trading opportunities. Candlestick patterns reveal investor sentiment that has very little to do with the overall market direction. This was illustrated in our recommended position in SQ today, the results of a frypan bottom. Continue to stay predominantly long until there is a confirmed reversal signal in all the indexes.
August 4th Daily Market Comments
Markets continue to show the lack of conviction one way or the other. These market conditions make for high profit patterns very viable trading opportunities. Candlestick patterns reveal investor sentiment that has very little to do with the overall market direction. This was illustrated in our recommended position in SQ today, the results of a frypan bottom. Continue to stay predominantly long until there is a confirmed reversal signal in all the indexes.