The market indexes are appearing to be in a consolidation stage today, allowing the T-line to catch up. Market consolidation is further implied with the transportation index trading very bullish today. The overall trend remains bullish without any evidence of a candlestick reversal signal as well as the indexes continuing to trade above the T-line. These market conditions warrant scanning for the strongest bullish chart setups, i.e. best friend signals, frypan bottom breakout’s.
November 5th Daily Market Comments
The market indexes are appearing to be in a consolidation stage today, allowing the T-line to catch up. Market consolidation is further implied with the transportation index trading very bullish today. The overall trend remains bullish without any evidence of a candlestick reversal signal as well as the indexes continuing to trade above the T-line. These market conditions warrant scanning for the strongest bullish chart setups, i.e. best friend signals, frypan bottom breakout’s.