When the market indexes are trading below the T-line, any bullish trading early in the day needs to be viewed with suspect. Assume the downtrend is in progress as long as there is not a close above the T-line. Trading should be oriented toward the short side, any long positions requires staying above the T line.
March 2nd Daily Market Comments
When the market indexes are trading below the T-line, any bullish trading early in the day needs to be viewed with suspect. Assume the downtrend is in progress as long as there is not a close above the T-line. Trading should be oriented toward the short side, any long positions requires staying above the T line.