1) Solid run up in the beginning of December. Q4 is historically bullish while Q1 is historically bearish.
2) Tested the lows, nothing big. Good rebound.
3) Once is chance, twice is a pattern. There's another retest on high volume, but again a good a bounce.
4) No new highs. It's difficult to tell if it was just low holiday volatility or something else.
5) And now we have the third high volume drop at the start of Q1, a historically bearish quarter.
I'm not a fan of shorting the stock market because it's on a 100 year uptrend, but I think it's best to sit out for now. The rises are weak while the dumps are heavy. I'm expecting sideways movement before another uptrend. Stay safe!
2) Tested the lows, nothing big. Good rebound.
3) Once is chance, twice is a pattern. There's another retest on high volume, but again a good a bounce.
4) No new highs. It's difficult to tell if it was just low holiday volatility or something else.
5) And now we have the third high volume drop at the start of Q1, a historically bearish quarter.
I'm not a fan of shorting the stock market because it's on a 100 year uptrend, but I think it's best to sit out for now. The rises are weak while the dumps are heavy. I'm expecting sideways movement before another uptrend. Stay safe!
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.