After a slow start, continuing to indicate no major change of investor sentiment in the markets, bullish pressure is still in progress. Wave three of the J-hook patterns that have developed in the indexes are still confirming. Stay with the trend, stay long as long as there is not a severe sell signal in the indexes. What is causing the strong bullish trend? We do not need to analyze that. All we need to analyze is what the charts are telling us.
June 21st Daily Market Comments
After a slow start, continuing to indicate no major change of investor sentiment in the markets, bullish pressure is still in progress. Wave three of the J-hook patterns that have developed in the indexes are still confirming. Stay with the trend, stay long as long as there is not a severe sell signal in the indexes. What is causing the strong bullish trend? We do not need to analyze that. All we need to analyze is what the charts are telling us.