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.
No comments:
Post a Comment