I cant believe that this rushing bull is now 7 days out of 8 days on the positive side with each rally a minimum of 0.5%.
at this 3rd hour of dow jones trading, market is currently at 12722 level. just 100 pts from the 52week high. there are really good returns when you know when to enter a market. though at this point in time, the whole 900pts rally was only set back by a 20pts correction, its quite overbought and might get knocked into consolidation mode once it hits near 12810 level.
short or temporary sell near 12810 and wait for good pullback and correction to re enter the market.
for pse market, the 4413 breakout went to a selloff and back to 43xx level. was just a false breakout that makes 4413 another strong resistance level? trade the range and wait for a better oportunity upon pullback.
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