The markets continue in a indecisive/consolidation mode. No formations have occurred that would indicate a change of investor sentiment but the trajectory and force of the current uptrend is starting to show indecisiveness. Nothing has shown a confirmed sell signal but it is prudent to be a little bit more defensive, ready to take some profits on signs of market weakness. Stay predominantly long but be prepared.
October 12th Daily Market Comments
The markets continue in a indecisive/consolidation mode. No formations have occurred that would indicate a change of investor sentiment but the trajectory and force of the current uptrend is starting to show indecisiveness. Nothing has shown a confirmed sell signal but it is prudent to be a little bit more defensive, ready to take some profits on signs of market weakness. Stay predominantly long but be prepared.