SPX below the key level
Reminder of our trading scenario:
“The short term rebound develops chaotic waves: SPX have moved back below the 1350 pts target… as well as financials have been stopped at resistance level (JPM is a good example). My odds are still positive & I expect a break of these resistances, but we need confirmation today. If yes, the rebound would find a new strength. Very important: check the 1350 pts level on SPX, this is the key technical number for the following…”
We are still waiting for the confirmation… but the odds are still in favor of the recovering of the upside. Stay defensive, our 2 lines are on the Fr markets: CA & SAN. We are ready to be more agressive on the US as soon as our triggers will give the signal.