Has the market been creating a "bull-trap", or it is just trying to test the support (previously resistance.)
Market has lost all of its gain from the morning gap!! Is it doji reversal? We are smack in the middle of time cycle for reversal (+2 day). Or we already have had the correction, needed for next bull-run. SPX 1,330 must be held and same is true for DJI's 12,400 level.
Today is the day, when it shall be finally revealed to us by the market price action.
2 comments:
Is the previous aims about the Asian market be still valid? It seems that they may not be achieved easily. (ie. Shanghai index 2750)
Sometimes, other indices are lagging behind the US or European Market Indices. (+1-2 days. sometimes they are exact just like US market cycles, but in some instances, they would be lead or lag by 1,2 days orb.
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