China Trade War Escalation Risk Fades!
Market tested 200DMA resistance last week. Be watchful for nature of consolidation this week or two. The market is in confirmed rally. Breakouts are improving a bit. Right side of the base chart patterns are still work in progress. Volatility index VIX is in narrow range for past three weeks. Resistance at 22 and support […]
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Digesting recent gains?
As overly pessimistic the market was for most of December, it is as somebody flipped a switch on Christmas Day and the market went from super negative to super positive. With a 2.85% jump last week, the S&P 500 continues its V-shaped recovery. The market is in confirmed rally. Breakouts continue to be relatively scarce. […]
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Are markets ready for Bull move here?
Just like the selloff in December was historic, we are seeing a rally of historic proportion in the last few days. Markets rallied from oversold conditions and are now running into resistance area. VIX has declined to 18 after spiking at 36 on December 28. The market has rallied eleven percentage in last seven days. […]
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