If weakness appears I will take the last day high as a stop. As of now, bears were not able to break lower. I do not read relative strength in NQ vs SPX but this will change during the day if bulls are able to take control
A pullback similar to the previous 3. The key now is to know if this is a place for shorts to cover or to add looking for lower lows. Personally, I am ready for weakness but this does not mean that we will trade much lower. GOLD, OIL, and USD moving significantly. As of now
Will the recent performance of BABA and JD alter the prices of US Stocks and/or the risk appetite for US Tech Giants? This is something that has been in my mind for a while however US Stock performance and other investors’ sentiment did not support it. Yesterday appeared on the front page of main street
If the market is not trading lower I need to admit that I was wrong. It has cost money. Maybe is a new risk on stage. Bears are not strong enough! Asia, Europe, and the Americas showing a risk appetite that does not match last week’s sentiment at current levels.