Today’s positive trading in the indexes are showing strength at the T-line and currently showing the lack of confirmation in yesterday’s evening star signals. This is good for the bullish uptrend PROVIDED selling does not bring the markets back down through Today’s open. If the markets close with good bullish candles Today, staying above the T-line, additional bullish confirmation will be required to confirm the uptrend is continuing, albeit very slowly. A lower open in tomorrow’s trading would indicate sideways/wedge formations forming in the indexes, obviously not making for very compelling trend movement. Continue to have both long and short positions in the portfolio.
September 18th Daily Market Comments
Today’s positive trading in the indexes are showing strength at the T-line and currently showing the lack of confirmation in yesterday’s evening star signals. This is good for the bullish uptrend PROVIDED selling does not bring the markets back down through Today’s open. If the markets close with good bullish candles Today, staying above the T-line, additional bullish confirmation will be required to confirm the uptrend is continuing, albeit very slowly. A lower open in tomorrow’s trading would indicate sideways/wedge formations forming in the indexes, obviously not making for very compelling trend movement. Continue to have both long and short positions in the portfolio.