Today’s positive trading has moved the indexes above or at the T-line area. Currently the indexes are showing indecisive/Doji type formations, not demonstrating powerful bullish sentiment. The T-line area still remains a critical analytical factor. Any new positions established in these market conditions require witnessing confirmation going into the close. With the indexes hovering just above and below the T line, investor sentiment remains indecisive. This creates a trading atmosphere that can be greatly influenced by positive or negative news. Be careful.
September 24th Daily Market Comments
Today’s positive trading has moved the indexes above or at the T-line area. Currently the indexes are showing indecisive/Doji type formations, not demonstrating powerful bullish sentiment. The T-line area still remains a critical analytical factor. Any new positions established in these market conditions require witnessing confirmation going into the close. With the indexes hovering just above and below the T line, investor sentiment remains indecisive. This creates a trading atmosphere that can be greatly influenced by positive or negative news. Be careful.