Market Health Tracking

I agree. While it is true that the candles are showing progressive weakness, that is fairly common and this maybe a quick breath. The hard part is that hangman and dragonfly doji’s that we just got on the indices are most often looked at as bearish. Often indicating reversals. However, they can represent strength in that the attempt to sink by bears was rejected by the bulls with a return back to the “top.” The bottomline is that it amonts to indecision, so we are most likely at the whims of earnings and White House verbage. Personally, I’m positive, especially about my stops.

Lakedog

3 Likes