The gap up strength in today’s trading illustrated the T-line was going to act as a support level. It also shows a strong bullish sentiment starting the third wave of a J-hook pattern. This would imply the next bullish leg is in progress. As long as the days trading remains above Today’s open, the probabilities of more upside remain extremely strong. Any short positions in the portfolio should be showing compelling weakness.
May 21st Daily Market Comments
The gap up strength in today’s trading illustrated the T-line was going to act as a support level. It also shows a strong bullish sentiment starting the third wave of a J-hook pattern. This would imply the next bullish leg is in progress. As long as the days trading remains above Today’s open, the probabilities of more upside remain extremely strong. Any short positions in the portfolio should be showing compelling weakness.