The T-line remains a relevant factor when analyzing the indexes. The indecisive trading yesterday, although buying brought the indexes backup toward the top of their trading range, the T-line still needed to be addressed. Today’s lower trading continues to make the T-line a resistance level. Investor sentiment still needs time to recover from the hard selling of last week. Indecision still remains. If you cannot find compelling trade set ups, sit patiently in cash for a few more days.
October 18th Daily Market Comments
The T-line remains a relevant factor when analyzing the indexes. The indecisive trading yesterday, although buying brought the indexes backup toward the top of their trading range, the T-line still needed to be addressed. Today’s lower trading continues to make the T-line a resistance level. Investor sentiment still needs time to recover from the hard selling of last week. Indecision still remains. If you cannot find compelling trade set ups, sit patiently in cash for a few more days.