In the annual letter 2022, it was predicted that stocks would start to decline from 14 January 2022 and the extend of this drop would be significant.
Lows made today:
- NIFTY: 17,000
- S&P500: 4303.75
- NASDAQ: 14051
- DOW: 33513
With volatility, this downtrend may prevail but until when????
Positional traders shall wait for 7/8 February to accumulate long position in US and Indian stocks.