June 11th Daily Market Comments

Another day of indecisive trading, the NASDAQ trading relatively flat, the S&P 500 trading relatively flat, and the Dow trading lower. However, the T line continues to remain a very strong indicator, allowing for numerous J-hook pattern set ups i.e.SAVA. The strategy is very simple, stay long on positions that remain above the T line, stay short in positions that continue to trade below the T line.