The T-line has a major psychological aspect. It indicates investor sentiment. If trading remains below the T line, investor sentiment is more susceptible to selling on any indications of bad news. This is evident in the lack of positive news coming from the Ukrainian situation. Stay predominately short. As usual, any bullish positions require compelling charts to stay long.
February 17th Daily Market Comments
The T-line has a major psychological aspect. It indicates investor sentiment. If trading remains below the T line, investor sentiment is more susceptible to selling on any indications of bad news. This is evident in the lack of positive news coming from the Ukrainian situation. Stay predominately short. As usual, any bullish positions require compelling charts to stay long.