Yesterday’s MorningStar/inverted hammer signal continues to confirm Today. The NASDAQ formed a kicker type signal that is also confirming from yesterday. Short positions demonstrating reversal signals over the past couple of days should now have been closed out. Long positions are confirming with bullish signals and trading above the T line. As long as the markets close above the T line today, assume the uptrend is back in progress.
September 23rd Daily Market Comments
Yesterday’s MorningStar/inverted hammer signal continues to confirm Today. The NASDAQ formed a kicker type signal that is also confirming from yesterday. Short positions demonstrating reversal signals over the past couple of days should now have been closed out. Long positions are confirming with bullish signals and trading above the T line. As long as the markets close above the T line today, assume the uptrend is back in progress.