US Indices Are Creating Possible Fake Breakouts!!Traders, Please be aware of the market conditions. We know that everybody is waiting for Santa's rally. But due to Corona as most things were different this year, Santa may not come for his rally. At the moment the price action is suggesting a possible fake breakouts on all 3 major US Indices i.e. SNP500 (SPX500), NASDAQ (NAS100) and US30 (Down Jones).
Do not trust that the rally of 2020 will last forever. Nothing does. So be careful. A sudden shift can come by end of this year or the next. Few hedge fund managers have also bet against the markets for a bad ending to 2020 rally. So beware of this.
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-Vik
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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