Two notable candlestick factors are being illustrated today. First, the T-line rule! As the indexes were demonstrating, when trading below the T-line, the probabilities of the down trend is extremely strong. Although the Dow appeared to be supporting at the 50 day moving average on Friday, it did not do any candlestick formation that illustrated the bulls were back in control.
September 21st Daily Market Comments
Two notable candlestick factors are being illustrated today. First, the T-line rule! As the indexes were demonstrating, when trading below the T-line, the probabilities of the down trend is extremely strong. Although the Dow appeared to be supporting at the 50 day moving average on Friday, it did not do any candlestick formation that illustrated the bulls were back in control.