As mentioned before, unless 1100 is successfully broken down, bulls no need to worry too much.
Instead, I am expecting S&P to hit 1200 in the near future.
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The bull is experiencing a slow death since we have a rounding top. It will take a few days for it to drop down.
ReplyDeleteMe,
ReplyDeleteI kindly disagree. I still think bulls are in a good shape. We will head into the 1200 level soon.
Tiger