Yesterday’s markets followed more or less as what was to be expected. That whole rhythm of the market thing. Some don’t, but bullish vs bearish forex market fact that some do is the fundamental basis of patterns.
Be they chart patterns or otherwise. Candlestick patterns are still a very popular tool amongst chartists because those patterns are the sequences that recur the most. And, frankly, it seems like these patterns haven’t changed much or you wouldn’t see them on any chart you can name. Fibonacci Spirals , markets don’t stick to those levels or follow them perfectly. That’s why they’re called levels in the market. I think we’re going see a kinda choppy morning but an overall bullish day, with some very strong slopes up. P 500 Futures are trading -4.
There are three big numbers out today. Analysts are expecting solid numbers there. The third is Natural Gas Storage at 10:30 AM. If markets need another kicker after morning chop that could be it.