A Quick Technical Note on the U.S. Stock Market
Technically, we are in a sideways market.
A breakdown below 1821 is still not there. And therefore, no new long term bear trend was established..
The recent rejection and buying pressure at that level(1821) suggested that we will probably be in a tug of war between buyers and sellers, and could witness more indecisive sideways fluctuations.
Key Levels outlined on chart.
Regards,
Technician
thefxchannel.com/
A breakdown below 1821 is still not there. And therefore, no new long term bear trend was established..
The recent rejection and buying pressure at that level(1821) suggested that we will probably be in a tug of war between buyers and sellers, and could witness more indecisive sideways fluctuations.
Key Levels outlined on chart.
Regards,
Technician
thefxchannel.com/
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