Today’s positive trading continues to confirm the uptrending T–line is still acting as support, as illustrated in the NASDAQ and the S&P 500. The positive trading in the Dow in the T-line area illustrates the lack of any major selling pressure as of now. The assumption remains the uptrend remains in progress as long as the indexes stay above the T-line. This is producing big profits for candlestick signals/pattern breakouts, i.e.ALGN, WIX, NFLX and MU trend kicker signal. Stay predominantly long until there is evidence of strong sell signals in the indexes.
March 21st Daily Market Comments
Today’s positive trading continues to confirm the uptrending T–line is still acting as support, as illustrated in the NASDAQ and the S&P 500. The positive trading in the Dow in the T-line area illustrates the lack of any major selling pressure as of now. The assumption remains the uptrend remains in progress as long as the indexes stay above the T-line. This is producing big profits for candlestick signals/pattern breakouts, i.e.ALGN, WIX, NFLX and MU trend kicker signal. Stay predominantly long until there is evidence of strong sell signals in the indexes.