5330 did indeed prove to be the low yesterday and the end of the correction. We can now expect higher prices over the next week although we may see a brief retracement today. We also saw a positive outside day yesterday which is when the market makes a new low and closes above the high of the previous trading day. Another signal that this market has turned.
In terms of trading today if you are long stay long. For shorter term traders we may well see a quick reaction back to 5410 -5400 today. I would then expect higher prices leading into Christmas.
You can subscribe to this feed and receive free daily trading information by email. To subscribe
click here
0 comments:
Post a Comment