Just like what I talked about yesterday, the inability to stay above the 20 day EMA seems to signify a change in short term trend.
Today the market tried to rally higher but failed.
If we move lower tonight and tomorrow, we revisit that question since August: Will 1100 hold?
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Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing.
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Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Fee-only Wealth Advisory firm Providend. All opinions on Investment Moats are his own and does not represent the views of Providend.
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You can read more about Kyith here.
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