Why would you be bullish now and bearish on Dec 24th ? Nothing has changed. Furthermore, why would you be bullish now and bearish on Dec 14th as the SP500 was trading at the same level back then. Is it panick buying ? Maybe, but is it time to short ? SP500 reached the level I talked about in the last few posts. But 10 year US yield has not reached 2.81%, neither the VIX tested his support at 16 or the crude his resistance at 54.50$. Therefore, I will remain prudent about shorting right here.
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