I shared that there might be a Christmas Rally given how steep the stock markets sold down in Dec. There is likely to be a fierce bounce but I don’t think this is a trend reversal. Take the S&P500 for example. The sell down put the index in a negative territory. The rebound is likely the to be from 2468 to 2633 for S&P500. That’s circa 6.3% upside or more. It might push through the resistance at 2633 to fool retail investors into thinking that the good times are back. But there’s just far too many resistances along the way for the index to recover in a straight line.
My view is that this video is worth watching, even if it’s for 17 minutes. Well worth your time than to watch a Korean Soap, or 17 minutes of a soccer game where your favourite team loses a lead and concedes the softest of goals.
