The markets continue to consolidate. The S&P 500 has produced five Doji’s in a row. It is still trading above the T-line but a series of Doji’s allows for accurate analysis. Watch for a strong price move from these levels, whether bullish or bearish, which will demonstrate which direction the market will go with relatively strong movement. Long positions should still be maintained but with very close stop loss positioning.
November 17 Daily Market Comments
The markets continue to consolidate. The S&P 500 has produced five Doji’s in a row. It is still trading above the T-line but a series of Doji’s allows for accurate analysis. Watch for a strong price move from these levels, whether bullish or bearish, which will demonstrate which direction the market will go with relatively strong movement. Long positions should still be maintained but with very close stop loss positioning.