Today’s soggy trading in the market remains consistent with the nature of the uptrend, a couple strong days up, a couple indecisive days down. The important underlying factor is that the trading continues to stay above the T-line. Until that scenario changes consider the uptrend is in progress. A close below the T-line would demonstrate a change of investor sentiment.
November 5th Daily Market Comments
Today’s soggy trading in the market remains consistent with the nature of the uptrend, a couple strong days up, a couple indecisive days down. The important underlying factor is that the trading continues to stay above the T-line. Until that scenario changes consider the uptrend is in progress. A close below the T-line would demonstrate a change of investor sentiment.