Unless the indexes can breakout through today’s highs, confirming yesterday’s bullish candlestick signals, the sideways trend/wedge formation starts coming back into prominence. This is not been unusual for the characteristic of the market over the past six months, a lack of definite direction. Currently the market is showing strength in very few specific sectors, biotech’s, oils.
September 9 Daily Market Comment
Unless the indexes can breakout through today’s highs, confirming yesterday’s bullish candlestick signals, the sideways trend/wedge formation starts coming back into prominence. This is not been unusual for the characteristic of the market over the past six months, a lack of definite direction. Currently the market is showing strength in very few specific sectors, biotech’s, oils.