Although the indexes are trading indecisively Today, there slightly lower trading is not doing anything to show a change of investor sentiment of this current downtrend. Obviously, short positions continue to work and there are only a very few bullish positions still showing positive trading i.e. CVM, ATAI. As long as the indexes are trading below the T-line, assume the downtrend remains in progress. Currently there are no indications that bullish sentiment is in control.
May 8th Market Direction
Although the indexes are trading indecisively Today, there slightly lower trading is not doing anything to show a change of investor sentiment of this current downtrend. Obviously, short positions continue to work and there are only a very few bullish positions still showing positive trading i.e. CVM, ATAI. As long as the indexes are trading below the T-line, assume the downtrend remains in progress. Currently there are no indications that bullish sentiment is in control.