When it comes to the US stock market - Is this a bottom? No way
But the market can still rally and clean up all the shorts in the system before it can resume downtrend again. S&P500 will head towards 3000 but not now.
It's 4 weeks before mid term elections, Democrat supporters will keep market stable until after the election. Wait & see what happens. Wait till after Christmas.
Do read the report if you can.
https://twitter.com/UNCTAD/status/1576951413485322240?t=rsXr7ngyc3l3TKwbWlfeQQ&s=19
According to reports, #Tesla’s Elon Musk now plans to #purchase Twitter Inc. for the original asking price of $54.20 a share. Twitter’s #shares surged following the news and climbed nearly 20% higher and trading was halted twice so far.
Markets in US rebounded from lows and closed slightly negative. Are they taking technical support ?
Originally posted by: mishkil88
Markets in US rebounded from lows and closed slightly negative. Are they taking technical support ?
They're saying the rally will continue. My guess is until the mid term elections we'll see some yo-yoing. Pretty sure there is some technical support if not completely.
Originally posted by: mishkil88
Hello arpita you can post here.
Thank you
Yes I saw this morning, had very very busy day.
this thread will be a learning curve for me
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