Nobody Knows Or The Market Has A Mind Of It's Own

Oct 12, 2023

Well, we again had a turnaround today. The market has been see-sawing up and down and seems like it is confused or cannot make up its mind. In such situations there are only 2 alternatives for traders: 1) be very nimble and do not hesitate to change your mind remembering what you think does not matter and what only matters is what the market does; 2) stay away until we see a clear trend.

I will just note all the short-term trending as it stands after today’s market action.

Major Markets