Today’s bullish trading continues to demonstrate the T-line acting as a relevant trend support level. It also demonstrated the NASDAQ continuing the frypan bottom pattern and remaining above the T-line. Potential trade wars, Supreme Court judge hearings, excessive political rhetoric from Washington DC does not appear to be affecting investment decisions. What could’ve been a viable change of investor sentiment after yesterday’s trading closing the indexes in the T-line area has been negated, demonstrating the uptrend remains in progress. Continue to hold long positions that remain above the T-line as well as maintaining short positions that continue below the T-line. Very simple trading strategy.
September 27th Daily Market Comments
Today’s bullish trading continues to demonstrate the T-line acting as a relevant trend support level. It also demonstrated the NASDAQ continuing the frypan bottom pattern and remaining above the T-line. Potential trade wars, Supreme Court judge hearings, excessive political rhetoric from Washington DC does not appear to be affecting investment decisions. What could’ve been a viable change of investor sentiment after yesterday’s trading closing the indexes in the T-line area has been negated, demonstrating the uptrend remains in progress. Continue to hold long positions that remain above the T-line as well as maintaining short positions that continue below the T-line. Very simple trading strategy.