Note that the early-morning buying brought the indexes right up to the T line before selling back off. As long as the indexes cannot close above the T line, assume the downtrend is in progress. With that in mind, early-morning bounces will not cause anxiety if you’re short. Stay predominately short.
July 1st Daily Market Comments
Note that the early-morning buying brought the indexes right up to the T line before selling back off. As long as the indexes cannot close above the T line, assume the downtrend is in progress. With that in mind, early-morning bounces will not cause anxiety if you’re short. Stay predominately short.