Recently, we saw continuous rally in US, Europe and Aussie markets. One question crossed in my mind. Is this a fake rally in bear market? Well, some believe so. Others believe that markets are recovering.
Few days ago, I saw resistance in Aussie Index and predicted that market will drop because the price has not surpassed the resistance level.
As you can see in the below chart, the market drop again after failing to reach higher high.
Despite many thoughts and analysis, whether it is a fake rally or recovering market, time will tell!
Few days ago, I saw resistance in Aussie Index and predicted that market will drop because the price has not surpassed the resistance level.
As you can see in the below chart, the market drop again after failing to reach higher high.
Despite many thoughts and analysis, whether it is a fake rally or recovering market, time will tell!
Bearrrrr
ReplyDeleteVote for bear too
ReplyDeleteDOW was down
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