Today is a continuation of yesterday in terms of sentiment and strategic allocation.
What we see now is a quick unwinding of inflation trade, not yet a reversal.
Technicians were attempting to draw another horizontal line to fill both hope and fear into empty souls. However, after a few intrady buy dips, the pattern may destroy itself.
stocks had move far ahead of the fundamentals as everybody knows, so it is time to take profit and wait for the arrival of next round amunition.
A wide range consolidation is more probable than anything else on a larger scale. |