The S&P bounced from Friday low of 2533 and closed at 2620. It got corrected by 340 points from ATH 2874, works out to 12%.
The market move could be on the sideways and we can assume that the worst is over.
A pull back is expected at any time which will be out of short covering. Better not to be in trade when the direction of index is indecisive.
We will wait for next good trade!!
The market move could be on the sideways and we can assume that the worst is over.
A pull back is expected at any time which will be out of short covering. Better not to be in trade when the direction of index is indecisive.
We will wait for next good trade!!
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