Today’s positive trading in the indexes continue to confirm the J-hook patterns as well as indicating the uptrend is in progress as long as the trading remains above the T-line. Until there is a dramatic candlestick sell signal in the indexes, assume the uptrend will remain in progress, likely heading toward the top of the trend channel.
September 14th Daily Market Comments
Today’s positive trading in the indexes continue to confirm the J-hook patterns as well as indicating the uptrend is in progress as long as the trading remains above the T-line. Until there is a dramatic candlestick sell signal in the indexes, assume the uptrend will remain in progress, likely heading toward the top of the trend channel.