The Monday's movement was a classical. In the morning, pre-market moved indice higher. It then dropped to a few points lower than last session, tested the low 3 times. The market was up and down around the last session closing point. Then it moved upwards. Overall, the volume was high but not very high. The uptrend was decisive, but not overwhelming.
This morning, it opened higher, but sold out. Most of the indices are way off their highes. My feeling is that it will consolidate here, going side ways. Tomorrow, it might give another push. Then it gets ready for testing the low it made a few days ago.
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1 comment:
The title Thursday was wrong. It should be Tuesday
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