It was basically a technical correction with the market going higher from the beginning as it celebrated the positive reaction abroad. |
Judging by the sharp fall, you could say there was a moment of panic, but we didn't stay at minimum levels for long. It just looked like some wanted to square their positions at any cost. |
This good news broke expectations that the Fed will raise rates at its next meeting. |
We could see a small technical correction tomorrow. But I don't like it when we have this kind of volume with sharp falls. It shows weakness. |
With this grouping, the market thinks it will be easier for shares to go up. But it is really only psychological. |