The overall market posted a higher low yesterday which is reminiscent of the action from March 14th. If this pattern develops in a similar fashion, we expect to see a sustained rally in the next couple of weeks. Today's action will be very important in determining the direction for next week. Will early strength hold and build throughout the day or will the sellers reject price around yesterday's highs?
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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.