we are actually only 500 points from making new all time highs. Seems unlikely this will happen though, especially given the time of year and the EU decision.
The system kept us out.
The is the advantage of a part discretionary system. FTSE down 500 points so far today. We had a buy signal but I went to cash.
but it will sell off when the news is over. Summer sell off on its way for sure it seems.
It will probably only take short for the next few months.
It seems that is what will happen.
All signals say BUY BUY BUY this dip. Options players are long big time. The stock market can do anything. As long as it does what we expect at least 60 % of the time and we use stop losses…
Do we stay down a bit longer or not? We will bounce at some point this week. Very oversold now on the technicals.
but perhaps not before some intraday selling on Monday? Technicals say: don’t be short for the short term.
however, entering oversold right now indicating a bounce is very possible. A run for new highs before a big summer sell off?