The T line remains a valuable criteria! Yesterday’s bullish trading produced a non-signal in the Dow and S&P 500. And the indexes did not close above the T line. Today’s gap down in the indexes indicate the bearish sentiment is still in control. Stay predominately short. Any bullish trades require very compelling bullish charts to stay in any long positions.
September 29th Daily Market Comments
The T line remains a valuable criteria! Yesterday’s bullish trading produced a non-signal in the Dow and S&P 500. And the indexes did not close above the T line. Today’s gap down in the indexes indicate the bearish sentiment is still in control. Stay predominately short. Any bullish trades require very compelling bullish charts to stay in any long positions.