RSI few days ago was record high 82 on daily chart, which means the market heavily overbought. No market is going up constantly. Correction is expected to happen anytime, with two potential targets at 20EMA or 50EMA.
I don't believe the approach of soft landing on recession. In my opinion the recession will come and when it comes, it will hit hard.
It's normal for markets to rally at the end of the year, statistically beginning of January is a little cooling off period.
*This is not a trading advice. Trading is risky. Always do your own analysis before entering the market.*
I don't believe the approach of soft landing on recession. In my opinion the recession will come and when it comes, it will hit hard.
It's normal for markets to rally at the end of the year, statistically beginning of January is a little cooling off period.
*This is not a trading advice. Trading is risky. Always do your own analysis before entering the market.*