Observe the obvious, which candlestick charts allow you to do with much more clarity. The indexes moved back up to the top of the trend channel and yesterday’s bearish Harami indicated there was not enough bullish sentiment to push through the upper resistance level. Today’s lower trading confirms the Harami, making the trend channel analysis still the predominant prognosis.
December 31st Daily Market Comments
Observe the obvious, which candlestick charts allow you to do with much more clarity. The indexes moved back up to the top of the trend channel and yesterday’s bearish Harami indicated there was not enough bullish sentiment to push through the upper resistance level. Today’s lower trading confirms the Harami, making the trend channel analysis still the predominant prognosis.