After the initial profit-taking this morning, the bullish sentiment continued. The longer the indexes remain above the T line, the more confidence will be building back up in bullish sentiment. Long positions can be added, any short positions remaining should have very compelling bearish chart patterns. Unless there is a dramatic event that reverses investor sentiment, which with these world events, that can be likely, anticipate bullish sentiment is prevailing.
March 17th Daily Market Comments
After the initial profit-taking this morning, the bullish sentiment continued. The longer the indexes remain above the T line, the more confidence will be building back up in bullish sentiment. Long positions can be added, any short positions remaining should have very compelling bearish chart patterns. Unless there is a dramatic event that reverses investor sentiment, which with these world events, that can be likely, anticipate bullish sentiment is prevailing.