The Dow closed below the T line on July 28th. This is usually an indication of probabilities pointing toward lower trading. However, the Doji type day illustrates that selling, even though it moved the Dow below the T line, was not very compelling. The simple Doji rule will be in effect for July 29th.
To learn more from Stephen, be sure to sign-up for his free 12 Signals To Master Any Market pdf ebook.
This website is for educational purposes only. Futures, options, and spot currency trading have large potential risk and traders should be well-educated before putting real money at risk. You must be aware of the risks and willing to accept them in order to invest in all markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to buy/sell a futures contract or currency.