Currently today’s positive trading in the indexes are creating a bullish Harami’s, stochastics in the oversold area. It will be important to see how the indexes close. A close at the high end of there trading range will create a bullish Harami’s. A close near the lower end of there trading range would imply the downtrend is not yet over. Be ready to cover short positions that are showing buying signals in the oversold area.
January 20th Daily Market Comments
Currently today’s positive trading in the indexes are creating a bullish Harami’s, stochastics in the oversold area. It will be important to see how the indexes close. A close at the high end of there trading range will create a bullish Harami’s. A close near the lower end of there trading range would imply the downtrend is not yet over. Be ready to cover short positions that are showing buying signals in the oversold area.