Although the markets are trading lower today, they are trading indecisively. The NASDAQ is still above the T-line, the S&P 500 right on the T-line, and the Dow trading just below the T-line. Without any major change of investor sentiment, strong chart patterns are still acting strong. The T-line remains a relevant factor when analyzing the current trend.
January 17th Daily Market Comments
Although the markets are trading lower today, they are trading indecisively. The NASDAQ is still above the T-line, the S&P 500 right on the T-line, and the Dow trading just below the T-line. Without any major change of investor sentiment, strong chart patterns are still acting strong. The T-line remains a relevant factor when analyzing the current trend.