T-line rule – the downtrend remains in progress as long as the indexes cannot close back up above the T line. Note how the early bounce in the Dow moved up and failed right in the T line area. Obviously the bearish J-hook patterns are working very well today, ARCT, SOL, CHWY,FUBO and the blue ice failure patterns are working very well, CLSK, INMB. Stay predominately short until the appearance of any bullish signals in the indexes.
March 6th Daily Market Comments
T-line rule – the downtrend remains in progress as long as the indexes cannot close back up above the T line. Note how the early bounce in the Dow moved up and failed right in the T line area. Obviously the bearish J-hook patterns are working very well today, ARCT, SOL, CHWY,FUBO and the blue ice failure patterns are working very well, CLSK, INMB. Stay predominately short until the appearance of any bullish signals in the indexes.