Whenever the market rises by 3 or 4%, everyone cheers and throws a party.
The market is in a correction phase from the decline, not a rebound.
The analysts know this well.
Those who can read the chart understand this.
What is happening is a test of the previous resistances, but the trend is downward.
There is no clear break of the downward channels.
Do not get caught and enter at the peak of the rise.
In short, the weekly close is what will determine it, and I believe that the rebound is short and the decline continues.
The market is good for quick speculation, scalping or swing trading with caution.
Do not be deceived... why am I telling you this?
The end of the month is approaching, and the end of the week before it, along with the clearing of futures contracts, so there is a continued decline, meaning there is a drop.
This is not a correction.
In summary, only enter from a support that has stabilized and has been tested, and your target is the first resistance... only the first resistance, until further notice $
