After a significant drop in mid June, market tried to attempt a bounce last week. However, the volume was lacking and this could stage a further decline in coming days/weeks. What to expect for rest of summer months?
We all witnessed harsh market break down after US Fed meeting on Wednesday last week. If you were following this blog then this should not be a surprise to you as our guidance system did gave us early SELL signal well before last week. What to expect next and be prepared for!!!
Last week market continued to consolidate near MA(50) area and possibly trying to find support. Next week Federal Reserve is having a meeting and the outcome shall drive the market direction. What outcome to expect!!!
Market was undergoing a pullback last week and on Friday it got the news (jobs report) which it needed desperately to make the bounce near MA(50). How far will this bounce go along and What should we be prepared for?
Market pretty much gave back all the gains made during entire month of May. Moody's rating agency has warned that US needs to put its act in place else they will downgrade our debt rating status. In short, expect more volatility ahead and lot of drama in coming weeks/months. What should we be prepared for?
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