March 20th Daily Market Comments

Today’s trading is not showing any change of investor sentiment. The Dow and the NASDAQ continue to form a slow curve/J-hook pattern illustrating the T-line is acting as the support level. Overall, there is no evidence of any selling pressure, which indicates the current uptrend remains in progress. The lack of any dramatic bullish or bearish pressure on the overall market is allowing current strong trending stocks, either bullish or bearish, to continue their trends. The predominant analysis remains staying long or staying short in trends that remain above or below the T-line.

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