Good morning, guys!
The markets have been giving positive signals since last night, and especially domestic indices are performing well. But I always say, the stock market has to be analytical. 🧠💡
Do you think this positivity will continue throughout the week, or is it just a temporary reaction? I'm looking forward to your comments, especially from those who love technical analysis!
Markets started positive, do you think it's sustainable or just temporary? 📈✨
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I'm considering it might be a temporary reaction, yes. I think yesterday's movement came from buy-ins from the dip levels. Or was there a news item that dropped regarding yesterday's influx of money?
I think it's temporary, but you're right too—it's hard to predict the market. Yesterday evening's positivity was largely driven by improving signals from US data releases, especially with expectations of interest rates easing a bit. But honestly, the domestic performance yesterday showed resilience from local players, particularly the strong moves in banking stocks. Still, it's unclear whether this is a long-term trend or just part of a rally—we'll need to see what happens today and tomorrow.
If you ask technical analysts, resistance points in the index become crucial in moments like these. For example, BIST100 needs to close above 10,000 to confirm that the momentum will continue. But as I said, global markets can make a sudden reversal at any time, especially in this post-COVID environment. We’re also aware of domestic factors—it’s debatable how long this positivity, fueled by yesterday’s data and expectations, will last. I think today’s additional data (especially from the US) will give us a clearer picture.
What actually triggered yesterday's positive pressure, huh? Was it yesterday's US inflation data easing up? Did international capital flows accelerate because of that, or did foreign investors trigger it, or did domestic investors jump in? What's your take on this?