The market continues to confirm the basing/reversal signals of last week. Especially the Dow and S&P 500, a trend kicker signal through the T-line with today’s positive trading forming a bullish Doji sandwich. This implies more upside, making the slow upward trend channel the likely analysis. Stay predominantly long, but there are still short positions that are working.
June 22nd Daily Market Comments
The market continues to confirm the basing/reversal signals of last week. Especially the Dow and S&P 500, a trend kicker signal through the T-line with today’s positive trading forming a bullish Doji sandwich. This implies more upside, making the slow upward trend channel the likely analysis. Stay predominantly long, but there are still short positions that are working.