Although the market indexes are trading lower the candlestick formationsreveal buying since the open, creating bullish candles. This implies that although the markets appear to be sideways/soggy, there has not yet been any evidence of mass selling. With that analysis it should be implied that the current trend of the market is still in progress, sideways.
July 30th Daily Market Comments
Although the market indexes are trading lower the candlestick formations reveal buying since the open, creating bullish candles. This implies that although the markets appear to be sideways/soggy, there has not yet been any evidence of mass selling. With that analysis it should be implied that the current trend of the market is still in progress, sideways.