Bull markets don't go up in straight line. There are pullbacks, consolidation, shakeouts.
Currently we are witnessing a sideways correction.
Can it develop in to a pullback, possible.
But will that be end of the bull market? Unlikely.
The underlying buying and setup and the kind of stocks leading point towards a likely hood of bull move continuing after any pullback.
Short term market vulnerable to correction unless we get a breadth thrust.
No comments:
Post a Comment