Although the market indexes started trading positive today after yesterday’s Morning Star signal, the strength of the bullish trading is very tentative. This would imply at best a bounce back up to the T-line. The more indecisive the bullish trading, the higher the prospects the market is merely bouncing, be prepared for more downside. A true reversal requires good bullish strength.
January 13th Daily Market Comments
Although the market indexes started trading positive today after yesterday’s Morning Star signal, the strength of the bullish trading is very tentative. This would imply at best a bounce back up to the T-line. The more indecisive the bullish trading, the higher the prospects the market is merely bouncing, be prepared for more downside. A true reversal requires good bullish strength.