The day before a three day weekend usually does not show any great resiliency one way or the other, but today’s bullish trading, albeit not very massive, is pushing the indexes toward the obvious resistance levels. That may well be capper of trading for the day/week. However this still indicates there has not been a change of the bullish sentiment after the snap back has been in progress. Continue to stay predominantly long until there is any signs of a candlestick reversal signal in the indexes.
July 1 Daily Market Direction
The day before a three day weekend usually does not show any great resiliency one way or the other, but today’s bullish trading, albeit not very massive, is pushing the indexes toward the obvious resistance levels. That may well be capper of trading for the day/week. However this still indicates there has not been a change of the bullish sentiment after the snap back has been in progress. Continue to stay predominantly long until there is any signs of a candlestick reversal signal in the indexes.