The indications of some profit-taking/consolidation in Yesterday’s trading remains evident in Today’s trading. Although the indexes are trading higher, the candlestick formations reveal the lack of any strong bullish sentiment. Be defensive, be prepared to start taking some profits if the market indexes do not show any great bullish movement today. Currently all the indexes are trading below where they opened, revealing the lack of strength.
October 10th Daily Market Comments
The indications of some profit-taking/consolidation in Yesterday’s trading remains evident in Today’s trading. Although the indexes are trading higher, the candlestick formations reveal the lack of any strong bullish sentiment. Be defensive, be prepared to start taking some profits if the market indexes do not show any great bullish movement today. Currently all the indexes are trading below where they opened, revealing the lack of strength.