Dead Cat bounce or Range accumulation?
I really dont know where the market is going, however if this is the start of a bear market I still expect some type of dead cat bounce.
Dead cat bounce to try and stop the inevitable "Death Cross" which is when the 200 MA crosses over on top of the 50 MA.
There is non-stop "Fear. Uncertainty, Doubt. aka FUD" in the news and almost no positive news is moving the market in a bullish way. Negative news has a dramatic effect the last 3 weeks.
Might be the short of a lifetime but need more price action to make a convincing decision!
Dead cat bounce to try and stop the inevitable "Death Cross" which is when the 200 MA crosses over on top of the 50 MA.
There is non-stop "Fear. Uncertainty, Doubt. aka FUD" in the news and almost no positive news is moving the market in a bullish way. Negative news has a dramatic effect the last 3 weeks.
Might be the short of a lifetime but need more price action to make a convincing decision!
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