The Market is still testing support levels. Yesterday’s big push by the bulls was significant and telling but the market is not out of the woods yet as the testing of support and resistance levels on the FTSE 100 and the FTSE 250, as detailed in our earlier report, is continuing.
It will not be until this week’s trading has finished (and, maybe, next week’s as well) that we shall be able to guage a definitive answer.
At the moment it does look as though the uptrend will continue allowing share prices to rise further but it would be wrong to take it for granted just yet.
0 Response to “Is the Stock Market going Up or Down?”