Sometimes, all analyses say the market is bullish, but you should doubt it. I'm waiting for a heavy drop... because none of the indicators match those analyses at all. Trading volume is low, and buyers are definitely stuck. The rise from the big stocks was very brief and then it quieted down. Even good news can't move the market anymore. Everyone seems to feel that it’s approaching a peak, but I see a hidden decline that only needs an excuse to break down. I won't make any trades until I see sign of a decline, like increased selling volume or breaking the support line. Caution is essential. Right now, preserving capital from big losses is more important.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.