Traders,
My trading activities have been muted for November as I watch for more signs of clarity. We cannot forget that fundamentals create broader market direction while technical analysis is useful for the ebb and flows within the broader fundamental context.
Thursday and Friday last week gave us a clue that higher prices are accepted. The 4,000 level has been achieved (as loosely expected in previous analysis) and higher highs are reached after lower lows. This is encouraging that a bullish trend may be materializing. We must stay patient as the fundamental politics landscape could still create uncertainty.
I will be watching weakness for buy signals in the coming weeks. The 3800 level would get me pretty exciting. I'm prepared to buy higher on pullbacks if we continue accepting higher prices (4000+)
My trading activities have been muted for November as I watch for more signs of clarity. We cannot forget that fundamentals create broader market direction while technical analysis is useful for the ebb and flows within the broader fundamental context.
Thursday and Friday last week gave us a clue that higher prices are accepted. The 4,000 level has been achieved (as loosely expected in previous analysis) and higher highs are reached after lower lows. This is encouraging that a bullish trend may be materializing. We must stay patient as the fundamental politics landscape could still create uncertainty.
I will be watching weakness for buy signals in the coming weeks. The 3800 level would get me pretty exciting. I'm prepared to buy higher on pullbacks if we continue accepting higher prices (4000+)
