Today’s lack of direction in the markets are not changing the J-Hook Pattern potential in the indexes. Although the Dow is trading lower, the transportation index is trading higher, indicating no major change of investor sentiment. The lack of any change of investor sentiment allows for strong candlestick chart patterns to continue to work.
May 22nd Daily Market Comments
Today’s lack of direction in the markets are not changing the J-Hook Pattern potential in the indexes. Although the Dow is trading lower, the transportation index is trading higher, indicating no major change of investor sentiment. The lack of any change of investor sentiment allows for strong candlestick chart patterns to continue to work.