The market trend was clarified by how the markets opened after yesterday’s Doji. All the major indexes not only opened positive Today, but they gapped up. If the markets continue to stay strong going into the close today, it can be assumed that the uptrending channel of the markets are back in progress, the major indexes after gapping up will be closing above the T-line. Any short positions should still have compelling reason to stay short with the prospects of an uptrending market getting that much better Today.
March 26th Daily Market Comments
The market trend was clarified by how the markets opened after yesterday’s Doji. All the major indexes not only opened positive Today, but they gapped up. If the markets continue to stay strong going into the close today, it can be assumed that the uptrending channel of the markets are back in progress, the major indexes after gapping up will be closing above the T-line. Any short positions should still have compelling reason to stay short with the prospects of an uptrending market getting that much better Today.