Today’s positive trading in the markets has great relevancy. It has gapped the indexes up through recent high/obvious resistance levels. As long as the market indexes stay above the breakout levels, the prospects of another wave to the upside is highly likely. The big selling day of last week is now viewed as a profit-taking day versus a breakdown of investor sentiment. These market conditions are allowing the strong candlestick charts to perform with excessive profitability.
May 25th Daily Market Comments
Today’s positive trading in the markets has great relevancy. It has gapped the indexes up through recent high/obvious resistance levels. As long as the market indexes stay above the breakout levels, the prospects of another wave to the upside is highly likely. The big selling day of last week is now viewed as a profit-taking day versus a breakdown of investor sentiment. These market conditions are allowing the strong candlestick charts to perform with excessive profitability.