September 13th Daily Market Comments

Although the indexes are trading relatively flat today, candlestick formations reveal that they are trading above where they opened. This graphically illustrates that there is still buying occurring. Continue to stay long as long as the indexes remain above the T-line, as well as the 3T-line. The breakout through the resistance levels on Monday still provide visual evidence that there is new Bullish sentiment in the market trend. Stay predominantly long.