The J-hook pattern in the Dow is confirming today, indicating the uptrend should remain in progress, especially if the trading continues above the T-line. Currently there does not appear to be any great conviction from the buyers or the sellers today. However, this also demonstrates there is not any change of investor sentiment, the uptrend remains in progress.
June 7th Daily Market Comments
The J-hook pattern in the Dow is confirming today, indicating the uptrend should remain in progress, especially if the trading continues above the T-line. Currently there does not appear to be any great conviction from the buyers or the sellers today. However, this also demonstrates there is not any change of investor sentiment, the uptrend remains in progress.