It is hard to argue that this could be a V-shape recovery ! After all, it has been up from the bottom , almost 35% now.
Thus far, all bad news seems to be well received by the Market as if he is invincible like the Superheroes. Tonight, we have the NFP data coming up in another 3 hours or so. Would this be the catalyst for the market to swing higher or lower ?
On 1st May, it did falls much to the joy of short sellers but it recovered so quickly as well. Whose side is Mr Market on , really? The bulls or the bears ?
Let's review in a few hours time.
Thus far, all bad news seems to be well received by the Market as if he is invincible like the Superheroes. Tonight, we have the NFP data coming up in another 3 hours or so. Would this be the catalyst for the market to swing higher or lower ?
On 1st May, it did falls much to the joy of short sellers but it recovered so quickly as well. Whose side is Mr Market on , really? The bulls or the bears ?
Let's review in a few hours time.
Note
support is broken out, expecting new high next week
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.