I’ll leave you with this thought for the weekend. Unfortunately, I see far too many accounts sharing contradictory market analysis. At this point, you can’t even tell whether they’re bullish or bearish. They rarely provide a clear short setup, yet as the market continues to decline, the narrative remains the same: That’s my VWAP level, I’m long. That’s the 0.618 Fibonacci level, I’m long. An asset drops 15–20%, bounces a mere 1–2%, and somehow they’re already claiming glory. Then, after a 25% decline, they suddenly start warning you to expect further downside, while still looking for longs along the way. There’s a difference between trading a temporary bounce and understanding the direction of the trend. Personally, I see very little reason to be aggressively buying on a Friday, especially after yesterday’s decline in equities, without any meaningful confirmation or evidence that the market is building a solid base. As far as I’m concerned, the prevailing trend remains to the downside. It will take something genuinely convincing to change that outlook. If you’re betting on a Santa Claus rally that will take us back to the previous highs, you’d better have a strong technical case to support it, rather than simply relying on seasonal expectations. Remember, markets don't owe us a rally just because it's November or December. Trade what the market is showing you, not what you hope it will do. Stay safe, manage your exposure, and enjoy your weekend.
MoeTradingShare
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