Market has ran up on false trade deals and unnecessary rate cuts. i am sure the institutions has already cleared all their long position by now.
At this point, I think they are just waiting for an opportunity to drop the market and leave the bag with retail traders.
if any of the 3 points comes true. market will drop.
1.Trump get impeached,
2. China deal goes sour on i.p laws
3. fomc cancels rate cut
At this point, I think they are just waiting for an opportunity to drop the market and leave the bag with retail traders.
if any of the 3 points comes true. market will drop.
1.Trump get impeached,
2. China deal goes sour on i.p laws
3. fomc cancels rate cut
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Also don't forget to check my other pages beacons.ai/diywallst
we had a mini rejection at the line but it broke out. so are trading in the bullish channel now.