DJI - choppy and bear run still Phase 1

7 Nis 2020

DJI Expect profit-taking when market opens today. There will be little conviction for buyers to hold over the Easter weekend due to Covid situation.

Market will consolidate next week post-Easter looking for more good news re Covid to break 23,000. The overall bear market is still in Phase 1 and any near-term rebound will be short-lived. As the reality of "new normal" kicks in, market will nosedive into Phase 2 of the bear run. On the look out for any SHORT opportunities as market rebounds.