Market continues to rally without any signs of slowing down BUT can this rally continue any further as it is approaching resistance from earlier HIGHs. What are the charts telling us?
After a V-shape rally in October, it appears as if market is tired and needs a breather. A consolidation/pullback cannot be ruled out, however the magnitude of the pullback will decide if this rally has more legs.
Market has rallied strong from mid October and shows NO signs of slowing down. Will it break earlier HIGHs or setting up for another drop!!! What can we expect in near term?
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