Potential reversal signals in the indexes yesterday, however this is why confirmation is very important. Currently the indexes are trading at or below yesterday’s open after gapping down again. Keep in mind, the bearish sentiment is still pervasive with the indexes not showing candlestick buy signals and closing above the T line. The downtrend persists based upon today’s lower trading. It may take a few days for investor sentiment to heal up.
January 25th Daily Market Comments
Potential reversal signals in the indexes yesterday, however this is why confirmation is very important. Currently the indexes are trading at or below yesterday’s open after gapping down again. Keep in mind, the bearish sentiment is still pervasive with the indexes not showing candlestick buy signals and closing above the T line. The downtrend persists based upon today’s lower trading. It may take a few days for investor sentiment to heal up.