October 8th Daily Market Comments

The steady uptrend of the market is producing a good number of pattern breakouts .TSLA a wedge breakout. BYND, BNTX fry pan bottom breakouts. Today CRDF producing a strong J-hook pattern confirmation. A simple factor of human nature, as long as bullish sentiment keeps the indexes above the T line, investor confidence will produce strong breakout situations. Candlestick patterns merely indicate the buildup of investor sentiment so breakout levels can be watched for good strong price moves. Use the T line as your ultimate trend indicator.