For now the recent decline fits well for a standard correction in bull market. The fact that we retested the MA 200 and bounced straight away and we have just observed a weekly close above 5870 (the level which prompted the decline) does not support the view that we have seen a major top at 6104.
This can change but unless I now observe an end of week close below 5808 (previous Jan low) we are likely to see new highs in the coming months.
0 comments:
Post a Comment