A profit taking happened today in the market.

But the Nasdaq was not, it rallies mainly due to tech stocks positive sentiments like the AAPL (Apple).

The market opened on a positive note but runs out of steam to propel the bullish traction from yesterday's Fed trading day.

I guess a profit taking is on the way till tomorrow.

But the bullish trend is still intact.

"To be successful in the markets, you have to make the initial conscious commitment to being the best you can be and to love every moment of what you are doing." - TRADING OUTLET

The market made a nice turn around from the negative open and finish on a high close.

A positive Fed trade mainly due to favorable actions coming from the Fed itself.

Bulls are roaring in pandemonium and the bears are in the dark.

As I mentioned earlier in my post, the chart below looks identical from the open yesterday.

Might finish same as yesterday, in between the open and the low of the day.

The market is descending as shown from the Globex overnight session.

Seems a repeat from yesterday's trading session.

"Any professional field requires commitment and willingness to go through successes and failures. The failures can be the greatest teachers. Study the failures to develop into a better trader. Perseverance will be the key to a successful trading career." - TRADING OUTLET