Confused ? Volatile ? Sideline maybe the best solution right now

The market now looks like it is in oversold state. Many thought that it is a great time to go long right now.

But what is the trend now ?? Downtrend right ?? In downtrend market should one go long or short ?

Short !

But short at what level ? Resistance level of course !!

So is our market now trading at resistance ? NO !

Since no, what can we do ? Best is to wait sideline and watch the rebound to happen.

Hence, I am really excited about this rebound and watch my list of downtrend counter for the rebound to short.

Hope you guys are thinking this way right now.