Nice call. It seems we could see 660 on SPX before any substantial bounce (15%+). Is this your expectation as well?
I am afraid the divergences in several key indicators would be lost if we keep going through a slow motion death (which would imply we could see 5xx handle).
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3 comments:
Thanks for sharing that. Looks like the markets are listening!
Are you going to re-enter on the long side here? We reached your target
Nice call. It seems we could see 660 on SPX before any substantial bounce (15%+). Is this your expectation as well?
I am afraid the divergences in several key indicators would be lost if we keep going through a slow motion death (which would imply we could see 5xx handle).
Greg
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