Buyers strike | stockbee


Buyers strike

  • Very ugly action but not enough volume to support such a drop.
  • This looks like buyers strike. In absence of buyers it is straight down move on low volume.
  • In one week there will be quarter close, so chances of further weakness are low in my opinion.
  • Most likely buyers will step in at some level to drive market higher just before quarter ends.
  • In few weeks you have earning season starting. Earnings related strategies will still be my primary focus at this stage.

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