Today’s positive trading in the Dow and S&P 500 is making the T-line(T-Line Trading) and obvious relevant factor. The NASDAQ, after a left/right combo yesterday is trading backup right to the T-line. If the markets close near the high end of their trading range today, it has to be evaluated that bullish sentiment is now offsetting the profit-taking/consolidation of the past few trading days. This makes Today’s close very important, indicating whether the T-line is going to show a reversal of the consolidation.
December 7th Daily Market Comments
Today’s positive trading in the Dow and S&P 500 is making the T-line (T-Line Trading) and obvious relevant factor. The NASDAQ, after a left/right combo yesterday is trading backup right to the T-line. If the markets close near the high end of their trading range today, it has to be evaluated that bullish sentiment is now offsetting the profit-taking/consolidation of the past few trading days. This makes Today’s close very important, indicating whether the T-line is going to show a reversal of the consolidation.