Today’s positive trading indicates the lack of overpowering selling sentiment. The support level that has been established in the indexes over the past couple of months remains intact. However, the relevancy of Today’s positive trading requires the bullish strength to maintain going into the close. Obviously, if the markets start selling off again, the downtrend resistance level of the T-line will remain a major factor. Any long positions established today require strength being maintained going into the close. Watch the T-line.
December 12th Daily Market Comments
Today’s positive trading indicates the lack of overpowering selling sentiment. The support level that has been established in the indexes over the past couple of months remains intact. However, the relevancy of Today’s positive trading requires the bullish strength to maintain going into the close. Obviously, if the markets start selling off again, the downtrend resistance level of the T-line will remain a major factor. Any long positions established today require strength being maintained going into the close. Watch the T-line.