Entering negative territory for the year, has made investors frown deeply over the market' current moves as the bearish contagion have spread more than what most traders have expected. What analyst and investors should now focus on is the "Time Frame" or the length of time which this bear trend can hold its ground before a real recovery takes place.
The rally for stocks and the USD that extended till the first quarter ending of this year have remained a significant mark which can duplicate its momentum and sustainability to run the same on this decline. Something to think about as this case analysis should never really be discounted.
Again, the same period when we called the probable "Dark Cloud" forming at the end of the quarter which for some was too early to call bear market in the making; yet time and again it has now been proven to be the real deal. As the European majors are now taking it's course cautiously, a slow yet better price adjustments are being undertaken after a round of data in Europe have taken this current market condition to recover from the doldrums of the past quarter. Will keep you posted as to where we see the market behavior would tend to flow while watching price action take a bigger bite of the market at the expense of some investors.
Play the market with caution and always consider taking a few small steps backwards to be able to move forward in greater strength. Have a great weekend and Only the Best for your Trades!
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