Pretiming

The NASDAQ daily index entered the Bullish zone seven days ago, signaling the initiation of an upward trend. However, in recent times, it has displayed a corrective trend. Since last Friday, there has been a notable surge in a robust upward momentum attempting to re-enter the bullish trend. Nevertheless, the current state of the market indicates that the buying strength is significantly weak for a complete transition into an upward trend. Additionally, looking at the projected trend, it appears challenging for the market to shift back into a bullish trend. As we approach mid-November this week, there is a noticeable weakening in buying strength compared to previous weeks, and even if a strong uptrend emerges, there is a high likelihood that it may be temporary. Overall, the prevailing condition suggests a strong selling pressure, indicating the continuation of the correction trend with a gradual increase in the magnitude of the decline. This trend is expected to persist, and there is a