Although the market indexes are trading positive, they appear to be slightly indecisive Today. The S&P 500 is currently forming a Doji, the NASDAQ opened higher but is trading lower than where it opened, indicating some problem getting through the upper resistance level. The Bullish sentiment is still in this market. Some consolidation after Yesterday’s strong trading day is to be expected. Continue to stay predominantly long with the market indexes breaking out through resistance levels. Any short positions should have compelling reasons to stay short. This is why we recommend Trend Analysis.
September 12th Daily Market Comments
Although the market indexes are trading positive, they appear to be slightly indecisive Today. The S&P 500 is currently forming a Doji, the NASDAQ opened higher but is trading lower than where it opened, indicating some problem getting through the upper resistance level. The Bullish sentiment is still in this market. Some consolidation after Yesterday’s strong trading day is to be expected. Continue to stay predominantly long with the market indexes breaking out through resistance levels. Any short positions should have compelling reasons to stay short. This is why we recommend Trend Analysis.