S&P has a major jump today. I didn't expect this big jump today. This is a sign of choppy market. Market goes down with heavy selling one day and two days after big push up...
Breadth is very positive, enough to see follow through tomorrow if this was the real push in the market.
Overbought-oversold ratio is showing that market is still oversold.....
Looking at the above situation, I don't believe, we are ready for the another big move up.... this may be way to create the trading range in the market and we may be stuck in the range for some time before market makes move in any direction....
No comments:
Post a Comment