Loading ...After a week of the market selling off, Monday started with optimism. The market was higher pre market by a lack luster 30 points. The important move however was that it continued to head higher after the open, signaling a weak rebound to the recent sell off.
The thing to keep your eyes on is how high the rebound goes. If it breaks bullish technical levels higher, expect the market to continue it’s up trend. If however resistance gains momentum and the market failed to break technical levels, expect a more severe sell off.
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