Finally, the much awaited market breakdown happened as expected. But the key thing to remember is that we got plenty of advance notice, Isn't it!!! Now everyone would be wondering, what is the maximum pain we might get in coming period!!!
Market appears to be loosing its ground, Is the bullish advance over for now? Is this beginning of a further downside action in the markets!!! Lets see if charts are providing us any meaningful information...
It appears that that volatility is seeping into the market and as result market is having hard time. As long as, market remains in the channel then benefit doubt goes to bulls. What can we expect in near term!!!
Market has managed to move back into the bullish channel and even managed to climb back above MA(50). Can it sustain this move an continue to stay in the channel!!!
Just like all of you, hard working and trying to make a better living.