The slow uptrend of the market indexes indicate the support levels, the 50 day moving average, continuing to act as support. Although the strength of the buying is not huge, it still reveals the lack of any selling sentiment in the markets. This is making numerous signals and patterns, frypan bottoms and J-hook patterns, continuing to work.
June 17th Daily Market Comments
The slow uptrend of the market indexes indicate the support levels, the 50 day moving average, continuing to act as support. Although the strength of the buying is not huge, it still reveals the lack of any selling sentiment in the markets. This is making numerous signals and patterns, frypan bottoms and J-hook patterns, continuing to work.