Today’s positive trading in the indexes, although currently trading at the lower end of there trading range, has gapped the indexes back up through the T-line area, this occurring after bullish signals in yesterday’s trading. As long as the indexes now remain above the T line, bearish sentiment has dissipated. This may not mean a new bullish uptrend has started yet, but it would indicate a stabilization of the market trend, making the identification of specific sectors the top priority.
June 16th Daily Market Comments
Today’s positive trading in the indexes, although currently trading at the lower end of there trading range, has gapped the indexes back up through the T-line area, this occurring after bullish signals in yesterday’s trading. As long as the indexes now remain above the T line, bearish sentiment has dissipated. This may not mean a new bullish uptrend has started yet, but it would indicate a stabilization of the market trend, making the identification of specific sectors the top priority.