The past week has absolutely been one of the worst selling we have seen since the start of the year as the market grappled with fear with the unexpected worsening of the US-China trade war.
However, it is at these times of panic and apprehension that traders and investors alike tend to lose their cool and become irrational. Thus, it is of utmost importance that we remind ourselves to keep calm and ignore the media chatter in order to maintain a clear state of mind to act intelligently.
Uptrend is still intact as per trend indicators and it looks like some buyers are coming back to defend the 28000 key level. Can also expect some short covering at this level too...However, eyeing this level like a hawk as a breakdown of 28000 could mean more downside. Keep your risk managed and may the markets be with you.
However, it is at these times of panic and apprehension that traders and investors alike tend to lose their cool and become irrational. Thus, it is of utmost importance that we remind ourselves to keep calm and ignore the media chatter in order to maintain a clear state of mind to act intelligently.
Uptrend is still intact as per trend indicators and it looks like some buyers are coming back to defend the 28000 key level. Can also expect some short covering at this level too...However, eyeing this level like a hawk as a breakdown of 28000 could mean more downside. Keep your risk managed and may the markets be with you.
