Yesterday the Dow is down and the NASDAQ was up. Today the Dow is up and the NASDAQ is down. Clearly indicating there is no definite bullish consensus in the overall market, merely funds shifting from sector to sector. When the market remains indecisive/choppy, the combination of candlestick signals being confirmed by the T-line becomes a good probability trend indicator.
July 25th Daily Market Comments
Yesterday the Dow is down and the NASDAQ was up. Today the Dow is up and the NASDAQ is down. Clearly indicating there is no definite bullish consensus in the overall market, merely funds shifting from sector to sector. When the market remains indecisive/choppy, the combination of candlestick signals being confirmed by the T-line becomes a good probability trend indicator.