Today’s positive trading is selling gap ups in the S&P 500 and the NASDAQ. It is also confirming an inverted hammer signal in the Dow. Provided the trading stays strongly positive today, this will provide more healing of investor sentiment, adding to the prospects that this is putting the markets in a basing area. Long positions can be added but with the caveat that the markets need to close very bullish today. Bullish flutter kicker’s are acting well. Take advantage of the strong candlestick reversal signals, providing bigger profit opportunities if this market is going to reverse/rebound.
October 16th Daily Market Comments
Today’s positive trading is selling gap ups in the S&P 500 and the NASDAQ. It is also confirming an inverted hammer signal in the Dow. Provided the trading stays strongly positive today, this will provide more healing of investor sentiment, adding to the prospects that this is putting the markets in a basing area. Long positions can be added but with the caveat that the markets need to close very bullish today. Bullish flutter kicker’s are acting well. Take advantage of the strong candlestick reversal signals, providing bigger profit opportunities if this market is going to reverse/rebound.