As expected we got the bounce, however market appears to be trapped between MA(50) and MA(200). Will it break through MA(50) resistance or fall back to MA(200) remains to be seen. What does it mean for near term market direction!!!
Market is trying to hold current level but finding it quite difficult. How long will it hold onto current level before it breaks down or breaks out!!! What shall we expect in near term?
Just like all of you, hard working and trying to make a better living.