The market pullback continues to toy with the T-line/50 day moving average area. These areas become an important piece of information. If they do not hold up at the support areas, the downtrend/drifting market conditions will continue. It will be very important to see if they hold the support levels today. Gold still remains the strong sector in this market. Holding long positions requires not seeing confirmed reversal signals.
July 6th Daily Market Comments
The market pullback continues to toy with the T-line/50 day moving average area. These areas become an important piece of information. If they do not hold up at the support areas, the downtrend/drifting market conditions will continue. It will be very important to see if they hold the support levels today. Gold still remains the strong sector in this market. Holding long positions requires not seeing confirmed reversal signals.