NDX Long: Bull Mkt resumes after 1-2 weeks of chop
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SUMMARY: long, expect a little more chop for the next week or 2 before investors add risk back to their portfolios.
Very unlikely the Feb Reserve will reduce QE and financial asset purchases. A strong resumption of bull market will continue in January, once institutional players get their new P&Ls.
As usual, December is for profit taking & sell off lose positions for taxation considerations.
Technical side - Price action is above the Moving Averages and forming HHs and HLs.
Very unlikely the Feb Reserve will reduce QE and financial asset purchases. A strong resumption of bull market will continue in January, once institutional players get their new P&Ls.
As usual, December is for profit taking & sell off lose positions for taxation considerations.
Technical side - Price action is above the Moving Averages and forming HHs and HLs.
Note
Holding market structure
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