The analysis remains the same, as long as the indexes are trading below the T-line the downtrend remains in progress. Continue to hold short positions and stopping out of any long positions that are showing weakness, trading below the T line. Uncertainty is what creates bearish investor sentiment. No stimulus package being discussed, inconsistency in the election polls, the virus gaining strength. This all provides an indecisive market environment.
October 27th Daily Market Comments
The analysis remains the same, as long as the indexes are trading below the T-line the downtrend remains in progress. Continue to hold short positions and stopping out of any long positions that are showing weakness, trading below the T line. Uncertainty is what creates bearish investor sentiment. No stimulus package being discussed, inconsistency in the election polls, the virus gaining strength. This all provides an indecisive market environment.