Market is probably setting up for an afternoon bounce.
Pascal
Market is probably setting up for an afternoon bounce.
Pascal
Roller coaster patterns are not good, especially for broad indices because they point to liquidity swings. Algos have been detecting liquidity inflow and then outflows and acted accordingly. This tells us that there is not stable flow and hence no trend is reliable, nor are sustainable narratives supporting any market direction for more than a day or two.
Out of the markets for now
Pascal
Not buying yet; Wait and see for now as large players are not really buying.
Pascal
The QQQ is rather weak with selling on GOOGL, AMZN and MSFT, but AAPL looks to be under accumulation.
Anyway, the 20DMF is not negative here.
Pascal
Higher prices are attracting money today. markets will continue higher.
Pascal
I believe that in the future we will see many more similar patterns: a dead sector being bought in a straight linear way.
Pascal
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