The positive open today is creating very strong J-hook pattern breakouts. The gap up in the market indexes after Friday’s Doji type day is producing a best friend breakout, making the J-hook pattern that much more credible. Because prices move based upon investor sentiment, there is one important backdrop in the overall market trend. The Bulls step in on any prospects of good news.
July 1st Daily Market Comments
The positive open today is creating very strong J-hook pattern breakouts. The gap up in the market indexes after Friday’s Doji type day is producing a best friend breakout, making the J-hook pattern that much more credible. Because prices move based upon investor sentiment, there is one important backdrop in the overall market trend. The Bulls step in on any prospects of good news.