June 19th Daily Market Comments

Today’s positive trading is demonstrating the T-line is still acting as a viable support factor, more noticeable in the Dow and S&P 500. The NASDAQ continues to trade strong well above the T line, implying investor sentiment has dissipated any bearish sentiment. Note that the biggest profit trades are the results of pattern breakouts. Continue to stay predominately long. The Dow is suggesting a J-hook pattern set up, producing the prospects of more upside in the markets.