Market appears to be stuck in a range, which should not be a surprise. Recent actions suggest a normal bounce from oversold conditions. What should we expect in coming weeks/months ahead!!!
As expected, market has dropped back into range. But will it find support here or just taking a breather!!! Are you prepared for further downside? What are charts telling us?
Market continues to follow path of least resistance which appears to be on the downside. BUT how far down will this market continue? Can we identify potential reversal areas from the charts? Lets see what charts are telling us...
As expected, Market sliced through the MA(50) support and back in the range near 7700-8000 area. What will happen next? Where is all this leading to? Are charts telling us something!!!
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