We follow the plan
Nothing more to say compared to yesterday… We follow what the market gives: since a few days, we have been ready to enter long positions on a positive signs from the financial sectors… We keep on, till we reach the SMA50 on SPX as a first target. Also, we are checking with care also the ratio XLF:SPX to identify the strength of the move… As you can observe now, we are facing a strong newborn upside! Keep on the trades of yesterday… We expect a 4 to 5% return within the next 2 days…
Remember: till proven otherwise, the global trend is still down & the target is the blue line below…
