The indexes, although trading fairly in decisively to the upside today, continue to demonstrate bullish sentiment by remaining above the T-line. The Dow and the S&P 500 should be targeting the 200 day moving average. The NASDAQ is forming a small scoop/J hook pattern, supporting off the T-line. The uptrend remains in progress until there is actually a close below the T-line.
March 10th Daily Market Comments
The indexes, although trading fairly in decisively to the upside today, continue to demonstrate bullish sentiment by remaining above the T-line. The Dow and the S&P 500 should be targeting the 200 day moving average. The NASDAQ is forming a small scoop/J hook pattern, supporting off the T-line. The uptrend remains in progress until there is actually a close below the T-line.