SUMMARY: long, expect a little more chop for the next week or 2 before investors add risk back to their portfolios.
Very unlikely the Feb Reserve will reduce QE and financial asset purchases. A strong resumption of bull market will continue in January, once institutional players get their new P&Ls.
As usual, December is for profit taking & sell off lose positions for taxation considerations.
Technical side - Price action is above the Moving Averages and forming HHs and HLs.
Very unlikely the Feb Reserve will reduce QE and financial asset purchases. A strong resumption of bull market will continue in January, once institutional players get their new P&Ls.
As usual, December is for profit taking & sell off lose positions for taxation considerations.
Technical side - Price action is above the Moving Averages and forming HHs and HLs.
Note
Holding market structure
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Related publications
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.