The market indexes still do not show any change for potential change of investor sentiment. The Dow and S&P 500 have used the 3T-line as a pullback support already Today and are now just trading slightly positive. The consolidation days add strength to the overall trend, allowing profit-taking to occur along the way. The upward trend remains in progress as long as the indexes trade above the T-line.
June 5th Daily Market Comments
The market indexes still do not show any change for potential change of investor sentiment. The Dow and S&P 500 have used the 3T-line as a pullback support already Today and are now just trading slightly positive. The consolidation days add strength to the overall trend, allowing profit-taking to occur along the way. The upward trend remains in progress as long as the indexes trade above the T-line.