After lot of struggle, market has managed to remain in breakout territory. However, volume appears to be missing and the breakout does not appear to be strong and convincing. What does it mean for us?
We do NOT have a clear breakout yet! Market has been near breakout territory for past couple of weeks and earnings season did not provide the much needed push. What does this entail for the markets!
Market is still struggling to breakout and earnings season has not provided any direction move yet. Charts are given us mixed signals, may be its time to look closer...
Its been couple of weeks now, market is trying hard to breakout of the range but is not able to! Finally in last two weeks it did manage to breakout but volume was missing. Now market is experiencing sell off and we back to same levels and might fall back into the range again... What to expect next?
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