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#SA_Notes for 21-11-2022
- Market is bear grip - both in long and short term.
- Volume still staying around 0.45, not suggesting any extreme. There is a high chance to see a continuation of the current situation for some more time.
- Bull swing is not yet around the (1/n)
- Market is bear grip - both in long and short term.
- Volume still staying around 0.45, not suggesting any extreme. There is a high chance to see a continuation of the current situation for some more time.
- Bull swing is not yet around the (1/n)
corner. Don't be in hurry to label any green day a start of a bull swing. Whenever market will stretch in shorter term time frame, it will give a green day or a strong opening, only to be sold off later. Beware of bull traps.
Such actions further tighten the bear grip. (2/n)
Such actions further tighten the bear grip. (2/n)
- US had a gap up start on Friday only to be cool off later. It lacks FOMO and FOMO is the life blood of any uptrend. When a beaten down market first comes into bull run, it sustains the advances rather than giving it up.
- Preferable strategy to trade in this market is (3/n)
- Preferable strategy to trade in this market is (3/n)
