“The winning streak continued for the sixth consecutive session on Monday, however, the traction was missing in key indices. This resulted in the formation of a neutral candlestick pattern on the daily chart known as Doji. The said pattern indicates some tentativeness and generally occurs after a sharp run-up or decline,” Sameet Chavan, Chief Analyst-Technical and Derivatives at Angel One Ltd said.
US market remains tied to tech stocks despite sharp AI sell-off
The US stock market is currently experiencing a significant pullback in technology and AI-related stocks. Investors are concerned that Democratic victories in the midterm elections