The FUD and recent news regarding China, South Korea and the US tax laws, was all instigated and planned IMO to allow institutional money to buy in cheaper. From a technical perspective, these corrections are healthy and needed for the market as a while. If we can form strong support at these levels, I do not see any reason for us to push higher in the short term and retest the ATHs.
The FUD and recent news regarding China, South Korea and the US tax laws, was all instigated and planned IMO to allow institutional money to buy in cheaper. From a technical perspective, these corrections are healthy and needed for the market as a while. If we can form strong support at these levels, I do not see any reason for us to push higher in the short term and retest the ATHs.