The market indexes continue to trade in a basing mode, not yet indicating if a bullish reversal has confirmed. The T line continues to be a relevant indicator. The J-hook patterns are producing good profit trades. The scoop pattern is also working. Until the markets show a definite trend, be prepared to close out positions quickly if they are not working.
June 22nd Daily Market Comments
The market indexes continue to trade in a basing mode, not yet indicating if a bullish reversal has confirmed. The T line continues to be a relevant indicator. The J-hook patterns are producing good profit trades. The scoop pattern is also working. Until the markets show a definite trend, be prepared to close out positions quickly if they are not working.