Monday, April 2, 2012

Where are the bears?


Everyone is sure of the upside potential of the S&P500. Price is giving them a strong support...


Sentiment is evident, as bulls are clearly the majority here.



I will watch carefully 1407 (1401 ES_F) as the key level for the next few hours. Keep in mind another round of bearish divergences on the daily chart.


I am waiting to (again) short this market. Going against the tide? Yup, but definitely against the crowd!...



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