The MTR-TM formed a Gravestone Doji.  The Advance/Decline Line (for NYSE) advanced which is bullish, but the recent price action is a concern.

Typically one candle is not a strong signal but combine the Gravestone Doji with the recent market action and a +2 Standard Deviation (price touching the upper Bollinger Band), a retracement may be in order from here.

The daily change in the MTR-TM was -1.28% with no change in the signal forecasted. The MTR-TM cannot issue a new signal for at least two more trading sessions.

The chart below shows that uptrend was not broken on the MTR-TM. The market may pull back further and touch or break the uptrend line. Pull backs off of +2 standard deviations (+2 Z-Score) are common in an uptrend. It is interesting to keep an eye on the news when the market reaches levels on the chart when prices hit short term oversold or overbought levels such as +2 or -2 Z-Score. 

Many times these price levels (RSI overbought/oversold, +2 / -2 Z-Score, etc.) corresponds to negative news. We may see some positive news start to trickle out when prices touch the uptrend line which will help to support a continued up move in the market. The good news/bad news cycle does not always tie into areas of indicator extremes but many times it does. The news/market action at indicator extremes is a cause for wonder for conspiracy theorists if market (and news) manipulation is alive and well.

If RSI turns back up when the price retraces to the upper trend line it would present a lower risk entry or re-entry point into the market. 

The uptrend is still intact on the major indexes.

Unfortunately we cannot make posts each night on the market but are making attempts to do so. 

We want to highlight a recurring candle pattern that appeared last night. Highlighted in Yellow are Doji candles. (There are a few other Doji's in the chart that are not highlighted, think of it as "Finding Waldo")

Doji's represent "indecision" and can be turning points in the market. Tie this with prices reaching +2 standard deviations and there was a chance for a pull back, and today the market did pull back. It would have been better to post this last night, but for documentation sake, and future reference, it was posted today.

The chart below is a standard candle chart and not the Heikin-Ashi version.