Its a Friday and its the day after Thanksgiving in the US. Markets can behave irrationally after holiday periods so bare this in mind if you are trading today. Traditionally the day after thanksgiving is bullish for world markets (also the week after) and we are well overdue an up day but that doesn't mean the markets have to rise immediately. The markets are always right and its important as traders that we never marry into an opinion when analysing the markets and ignore stops. The trend is firmly down so we have to respect that buying this market is still very risky even though the probabilities of a rebound are increasing.
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