It's going to be a very interesting week in the markets
Happy Monday from Across the Pond! Obviously, we saw a huge rally late last week, but don't read too much into that. The current upswing since mid-October is being accompanied by a combination of greater volatility, mixed participation, and likely near-term exhaustion. It looks like this up move may need to take a breather soon – possibly coinciding with the end of earnings season. However, what comes next is the key point. The next move down may well be the final one before this market finds its feet again and becomes more technical and EASIER to trade. As per last week, it's likely that the remainder of this up-swing will be short-lived before the next downward retracement. Before we sign off, here is our Weekly Watchlist: | |
Hope you have a great week and best of luck with your trading. | |
Cheers,
Guy Cohen P.S.: I'll be hosting an event later this week on Thursday. I'll share more details as soon as I can, but please mark it on your calendars so you can be certain to be there! | |
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