Today’s positive trading was illustrated in the premarket futures. The current trading has brought the indexes backup above the T-line, with the NASDAQ actually opening at the T-line and trading positive. This signifies the prospects of more upside provided bullish strength is maintained throughout the day and going into the close. A close back below the T-line, creating shooting star type signals, would indicate the Bulls have not taken control.
October 31st Daily Market Comments
Today’s positive trading was illustrated in the premarket futures. The current trading has brought the indexes backup above the T-line, with the NASDAQ actually opening at the T-line and trading positive. This signifies the prospects of more upside provided bullish strength is maintained throughout the day and going into the close. A close back below the T-line, creating shooting star type signals, would indicate the Bulls have not taken control.