The McMuffin signal is a powerful reversal signal, indicating a trend reversal is likely to have occurred. But more importantly for the candlestick investor, it reveals another important factor. Investor sentiment has changed! The fear selling of the past month now has been altered. The strong candlestick reversal signal indicates investor sentiment is not reacting to all the bad virus news the same way.
March 31st Daily Market Comments
The McMuffin signal is a powerful reversal signal, indicating a trend reversal is likely to have occurred. But more importantly for the candlestick investor, it reveals another important factor. Investor sentiment has changed! The fear selling of the past month now has been altered. The strong candlestick reversal signal indicates investor sentiment is not reacting to all the bad virus news the same way.