Now the indexes provide good pattern analysis. If the Dow closes at the low end of its trading range, it will be creating a bearish J-hook pattern, implying more downside. If the Dow closes near the high end of the range or even positive on the day, it will have formed another hammer signal at the support area. The other indexes fit into that same analysis. This allows for being prepared for maintaining or closing short positions.
January 28th Daily Market Comments
Now the indexes provide good pattern analysis. If the Dow closes at the low end of its trading range, it will be creating a bearish J-hook pattern, implying more downside. If the Dow closes near the high end of the range or even positive on the day, it will have formed another hammer signal at the support area. The other indexes fit into that same analysis. This allows for being prepared for maintaining or closing short positions.