Rick Saddler here. Founder of Hit and Run Candlesticks. Creator of the T-Line
Stocks gapped very modestly higher at the open Monday, but immediately sold off down to about 3 times the opening gap before reversing once again. This whipsaw action continued, with price spending the afternoon on the down side of the previous close. Overall, this gave us a small bearish move on the day. This left us with black-body candles that did not quite qualify as Dark Cloud Cover candles above the T-line in all 3 major indices. With 30 minutes left in the day, 6 of the 10 sectors are bullish and 4 of the sectors with bearish. However, Energy is by far the biggest mover, up over 3.5%. With that said, all 3 major indices were modestly down on the day.
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Hey Friend, Rick Saddler here. Founder of Hit and Run Candlesticks. Creator of the T-Line, (RBB) Rounded Bottom Breakout, Pinball Setup, Red Green Trendicator, and co-creator of the 3/8 Trap along with Ed Carter and Doug Campbell.
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