Sadly, this latest market bounce, according to some technical analysts, appears to be short-lived. The price is up but the volume does not support it as a marker and the money flow indicator points to a selling pressure. This may mean that there is no substance in the latest price rise apart from the SEC commission decision that caused covering the short positions which, in turn, caused the money to flow into the market.
Looking forward to Monday to see how the things turn out further.
Looking forward to Monday to see how the things turn out further.
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