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Showing posts from November 29, 2023

Market Analysis: Challenges in Sustaining Recent Upward Trend.

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The daily trend of the US stock market average index had shown signs of entering an upward trend from the previous day, and on November 29th, today, it exhibited a promising upward momentum, transitioning into an uptrend. However, it failed to sustain the upward momentum during the trading session, with buying strength weakening, leading to a closing in a slightly consolidating manner. Despite this current state, the overall outlook suggests a reversion to a corrective trend, yet it is anticipated that the market will soon display a renewed inclination towards an upward trend. Nov 29, 2023 ◆ Closed price 4,568.80 -0.08%     ◆ Appropriate Investment Position: Bullish-Buy [Long-term strategy] ◆ Today's Buy-Sell intensity analysis The current trend appears to be 'Correction trend'. The OPEN-price started with a stronger upward rate than the current trend and The HIGH and LOW prices are showing a stronger HIGH-price and a weaker LOW-price Finally, the CLOSE-price closed wi

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