It's a relief rally. Last few rebounds are very short, only 1-3 days. Not sure how long this rebound can last. Powell will be due for a speech on Tuesday. FOMC minutes will be out on Wednesday. Depending on how the Wall Street media portray these 2 events, the rally may extend or might be just cut short and resume it's downtrend. Don't hope for a reversal. It has not come yet. Good luck everyone and stay strong.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments