Be careful the bounce! Although the indexes are trading positive Today, stochastics are still in a downward direction in the indexes are below the T line. There was sentiment damage done over the past few days in the markets. It would take bullish confirmation of getting the indexes back up above the T-line to have bullish confidence built back up. Continue to use the T line as your ultimate criteria.
July 21st Daily Market Comments
Be careful the bounce! Although the indexes are trading positive Today, stochastics are still in a downward direction in the indexes are below the T line. There was sentiment damage done over the past few days in the markets. It would take bullish confirmation of getting the indexes back up above the T-line to have bullish confidence built back up. Continue to use the T line as your ultimate criteria.