Market Report Nov 09 2023

Wednesday's trading session exhibited a subdued performance, with the market demonstrating a modest downward trend during the early hours, with no significant catalysts to influence direction. However, the major indices recouped from their session lows in the latter half of the day, resulting in a market position that remained relatively unchanged from the previous day.

As highlighted on the weekend webinar, the market faces a potential pullback as it encounters resistance. It is advisable to closely monitor this juncture for either a breakthrough or a retrace in the major averages.

Javid Shaik

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