The US market continued to recover from a major pullback in early May, resulting in another monthly gain except for Nasdaq.
However, recovery has slowed down over last week and the bulls seem to has become sluggish but the same goes for the bear as we don't see any significant attempt in the market to sell.
The stock market is somewhat expected to rise amid heavy government spending but will also continue to face challenges of rising inflation.
This week, we plan to attempt going short if Nasdaq continued to stay resisted at 13700.
Otherwise, the main plan is still to buy as the price pulls back with prices such as 13400, and 12800 should it breaks a new low.
However, recovery has slowed down over last week and the bulls seem to has become sluggish but the same goes for the bear as we don't see any significant attempt in the market to sell.
The stock market is somewhat expected to rise amid heavy government spending but will also continue to face challenges of rising inflation.
This week, we plan to attempt going short if Nasdaq continued to stay resisted at 13700.
Otherwise, the main plan is still to buy as the price pulls back with prices such as 13400, and 12800 should it breaks a new low.
