Today’s positive trading remains indecisive. Currently the indexes are trading relatively close to where they opened. The positive trading currently indicates the lack of any aggressive selling pressure in the markets but it does indicate this current pullback is likely profit-taking. This puts the market trend in a consolidation stage requiring more candlestick formation evidence of whether the consolidation will continue or whether the slow uptrend remains in progress.
June 26th Daily Market Comments
Today’s positive trading remains indecisive. Currently the indexes are trading relatively close to where they opened. The positive trading currently indicates the lack of any aggressive selling pressure in the markets but it does indicate this current pullback is likely profit-taking. This puts the market trend in a consolidation stage requiring more candlestick formation evidence of whether the consolidation will continue or whether the slow uptrend remains in progress.