To Bounce or Not To Bounce; That is the Question

2 gru 2020

We could go either way today at open. Thinking that we will see a big push up after futures being so flat and down. People need to recoup their potential losses from the downward movement. I would expect any bounce to hit a ceiling that will retain the overall downward trend. Gold has shot down along with VIX so, again, my best guess is a heavy up. I am not sure the market is ready to accept a bear trend quite yet in the short term, but long term it seems inevitable until mid December.

2 gru 2020

Uwaga

forgot to include the third direction, flat! HA upward thrust definitely has slowed...perhaps the government has pulled the plug to get permission to intervene again...