the market is dead...

The market is in a cautious mood as the price was almost stagnant the whole day yesterday. Personally I am expecting an retracement but nothing is confirmed yet now.

Currently the bull camp does has a slight advantage as a bullish candle has formed on the daily chart. However, no clear direction could be determined yet now as the big banks might be waiting for MPC and NFP data result today and tomorrow respectively.

The best position now is NO POSITION. When in doubt, stay out - nobody ever had lost an account by staying out....


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