June 17th Daily Market Comments

Today, the Dow has used the T-line as the consolidation support area. The NASDAQ has remained positive today, providing the overall scenario of merely profit-taking so far today. Numerous J-hook patterns continue to work very profitably i.e. YY. Frypan bottom patterns are performing, utilizing the Doji sandwich as breakout indicators, LVGO, MGNX. Assume the market is in an uptrend as long as the indexes continue above the T line.