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uptrend |
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The probability that support levels hold are high given that the uptrends are quite fresh, and given inflation signals across asset classes. A big theme at present is the secular trends that we see within various markets and it is evident that the secular uptrends at present and going forward are apparent in markets such as India and China and other emerging markets. During uptrends, the breakaway and runaway gaps usually provide support below the market on subsequent market dips; during downtrends, these two gaps act as resistance over the market on bounces. |
uptrends |
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