The J-hook pattern in the indexes is still in progress, implying more upside. Especially if the trading continues above the T-line as well as the 3T-line. The continued strength of the market is making the short positions less attractive, stopping out of short positions. The steady uptrend’s of the market are making the high probability/high profit candlestick patterns more viable, i.e. MIDD confirming a bobble breakout. USAT FP breakout. This makes for very easy entry strategies for both stocks and options.
December 13th Daily Market Comments
The J-hook pattern in the indexes is still in progress, implying more upside. Especially if the trading continues above the T-line as well as the 3T-line. The continued strength of the market is making the short positions less attractive, stopping out of short positions. The steady uptrend’s of the market are making the high probability/high profit candlestick patterns more viable, i.e. MIDD confirming a bobble breakout. USAT FP breakout. This makes for very easy entry strategies for both stocks and options.