GAME OF MARKETS
With the markets moving back to all-time highs, are the bulls losing steam?
Are we about to see a Double Top formation?
Are we headed for a time Correction in the coming weeks/month ?
With no major news expected to drive the market in any specific direction until the results in October month, September could turn out to be a sideways market. In a sideways market, both bulls and bears can get caught off guard killing each other.
While both bulls and bears have their arguments—liquidity favors the bulls, while the overheated RSI on the monthly chart gives hope to the bears, with potential geopolitical tensions in the Middle East also supporting their case—the bulls could still push the market beyond its all-time high, aiming for 25,500 and higher before September.
It’s always better to plan than to predict. I prefer planning my trades over predicting market moves.
While both bulls and bears have their arguments—liquidity favors the bulls, while the overheated RSI on the monthly chart gives hope to the bears, with potential geopolitical tensions in the Middle East also supporting their case—the bulls could still push the market beyond its all-time high, aiming for 25,500 and higher before September.
I hope this provides some clarity and insight into following the markets from one perspective.
Thank you for taking the time to read this. Whether you’re a retail investor or a smart trader, a 2-3% monthly gain is achievable. Wishing you a successful trading and investing month ahead!
Are we about to see a Double Top formation?
Are we headed for a time Correction in the coming weeks/month ?
With no major news expected to drive the market in any specific direction until the results in October month, September could turn out to be a sideways market. In a sideways market, both bulls and bears can get caught off guard killing each other.
While both bulls and bears have their arguments—liquidity favors the bulls, while the overheated RSI on the monthly chart gives hope to the bears, with potential geopolitical tensions in the Middle East also supporting their case—the bulls could still push the market beyond its all-time high, aiming for 25,500 and higher before September.
It’s always better to plan than to predict. I prefer planning my trades over predicting market moves.
While both bulls and bears have their arguments—liquidity favors the bulls, while the overheated RSI on the monthly chart gives hope to the bears, with potential geopolitical tensions in the Middle East also supporting their case—the bulls could still push the market beyond its all-time high, aiming for 25,500 and higher before September.
I hope this provides some clarity and insight into following the markets from one perspective.
Thank you for taking the time to read this. Whether you’re a retail investor or a smart trader, a 2-3% monthly gain is achievable. Wishing you a successful trading and investing month ahead!
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