Market Analysis: Challenges in Sustaining Recent Upward Trend.
![Image](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhTHh34wMEc0wCmGH1fLReTq8_3p4oKFskwhoOIM8acaphRIn4SA7meBaMBlX5DAP1NRyI_1S92ItTKx5lod43aasdc0T_7JLYOOZWlaYxRSBhriQvB2y-PGENhttmuYsxCfOmK5GcoHy9qwOblqSdqUDLHGejgRj7rsI9hzkzHBoq-TN4tHTP2N78IL4T2/s16000/Average.png)
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