The markets are showing a lack of resiliency on the sell side today. Although they are trading lower, the candlestick signal on the NASDAQ is showing buying after the open. The Dow is using the 3-T line as support. Keep the analysis simple, the uptrend remains in progress as long as there is not a sale signal and a close below the T-Line.
October 29th Daily Market Comments
The markets are showing a lack of resiliency on the sell side today. Although they are trading lower, the candlestick signal on the NASDAQ is showing buying after the open. The Dow is using the 3-T line as support. Keep the analysis simple, the uptrend remains in progress as long as there is not a sale signal and a close below the T-Line.