Cow Moo-ney commented on a stock · Jan 19, 2023 07:21

Healthy pullback, or not?

The stock market rally was due for a pullback in any case, especially after 2 weeks’ of run-up.

The important question now is whether yesterday’s retracement was a healthy pullback to cool off indicators, or something bigger is brewing (towards the downside).

Support levels need to hold for rally to continue. But bears will want to regain the upper hand.

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Cow Moo-ney

Successful investing is about managing risk, not avoiding it. DYODD Support my YouTube channel: Jay el

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