That’s quite a call - “may see capitulation on Monday”
Market capitulation is a term used by investors and traders during times of market decline. It refers to an extreme point of panic selling, where investors are willing to sell their assets at any price, resulting in a rapid decline in prices.
…and that’s after the XJO just had such a nice run closing at 7442.7. If you would be looking for a pullback or a retrace to support I might agree, but a capitulation on Monday? Might you be influenced by a comment like this ”ASX futures are down 74 pts = blood on the ASX streets on Monday!!” on the day trader forum?
Anyway from boom straight to bust on Monday, sorry but I really don’t think so. So in percentages terms, how sure are you about you capitulation comment?
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