Unfortunately there is nothing to write about the trend of the cross of our interest. Let's recap for a moment the situation:
1) we had 14,281 at the top of a six-month cycle.
2) a minimum of 12,968 could have closed the six-month
3) 13 370 holding the bear market
short, despite the rise of more than five figures from the minimum, yet are unable to categorize this up with a name worthy to be used operationally.
SP500 On the other hand, we have a twofold interpretation.
1) we are right on top cyclical index, which could lead to a correction of more than 100 points
2) later this month ended a cycle and is spread over at least a month, which has come so far, almost 15 days without correction.
Ergo, this should be close mkt correction.
0 comments:
Post a Comment