The broad market is just 0.07 away from achieving 15 consecutive positive days, and this uptrend is indeed fierce. However, since yesterday, you can clearly sense that the rate of increase has slowed down, and the momentum isn't as high.
Some people might see this as a bad signal, but that's not necessarily the case. The consolidation and oscillation that appears at this point is actually a healthy market performance. Look, if the market were to directly plummet after consecutive sharp gains, that would be the real risk. Now, taking a breather and consolidating a bit, shaking out the floating chips, actually sets a good foundation for the subsequent market movement.
Currently, the broad market is at a critical juncture, and the recent price action has shown a certain pattern. How this period's trend will unfold will be detailed for you later this evening.
The broad market is just 0.07 away from achieving 15 consecutive positive days, and this uptrend is indeed fierce. However, since yesterday, you can clearly sense that the rate of increase has slowed down, and the momentum isn't as high.
Some people might see this as a bad signal, but that's not necessarily the case. The consolidation and oscillation that appears at this point is actually a healthy market performance. Look, if the market were to directly plummet after consecutive sharp gains, that would be the real risk. Now, taking a breather and consolidating a bit, shaking out the floating chips, actually sets a good foundation for the subsequent market movement.
Currently, the broad market is at a critical juncture, and the recent price action has shown a certain pattern. How this period's trend will unfold will be detailed for you later this evening.