The Dow is currently having trouble getting through the T-line. Not unexpected because the big up today was not a candlestick reversal signal. This usually indicates the lack of strong reversal, failing at the first resistance level. The NASDAQ and the S&P 5The Dow is currently having trouble getting through the T line. Not unexpected because the big up today was not a candlestick reversal signal. This usually indicates the lack of strong reversal, failing at the first resistance level. The NASDAQ and the S&P 500 continue to trade above the T line. The overall market trend analysis remains the same, a slow up trending market making individual stock charts the main criteria. Stay predominately long in trades that remain above the T-line.
June 23rd Daily Market Comments
The Dow is currently having trouble getting through the T-line. Not unexpected because the big up today was not a candlestick reversal signal. This usually indicates the lack of strong reversal, failing at the first resistance level. The NASDAQ and the S&P 5The Dow is currently having trouble getting through the T line. Not unexpected because the big up today was not a candlestick reversal signal. This usually indicates the lack of strong reversal, failing at the first resistance level. The NASDAQ and the S&P 500 continue to trade above the T line. The overall market trend analysis remains the same, a slow up trending market making individual stock charts the main criteria. Stay predominately long in trades that remain above the T-line.