Yesterday’s bullish harami in the Dow and the S&P 500 are showing bullish confirmation on today’s positive trading. However, both indexes are trading smack dab on the T line. This becomes an important factor. If the indexes cannot get through the T line, the Bulls have not yet taken control. There are good bullish candlestick charts continuing to work in spite of the overall market whipsaws.
September 3 Daily Market Comments
Yesterday’s bullish harami in the Dow and the S&P 500 are showing bullish confirmation on today’s positive trading. However, both indexes are trading smack dab on the T line. This becomes an important factor. If the indexes cannot get through the T line, the Bulls have not yet taken control. There are good bullish candlestick charts continuing to work in spite of the overall market whipsaws.