Although the markets tried to trade positive after opening lower Today, the downtrend still remains the predominant factor. The prognosis remains the same, until there is a dramatic reversal signal in the markets and a close backup above the T-line, the downtrend remains in progress. Oversold conditions may experience a bounce back up to the T-line, but as of yet there are no signs that investor sentiment has changed. Stay predominantly short with logical stop loss placement’s.
December 20th Daily Market Comments
Although the markets tried to trade positive after opening lower Today, the downtrend still remains the predominant factor. The prognosis remains the same, until there is a dramatic reversal signal in the markets and a close backup above the T-line, the downtrend remains in progress. Oversold conditions may experience a bounce back up to the T-line, but as of yet there are no signs that investor sentiment has changed. Stay predominantly short with logical stop loss placement’s.