- Might be a bit premature, but worth keeping an eye on this. Also ties in with my overall bearish outlook on US equities. Also, am not a believer of decoupling. When the shit hits the fan, all correlations go to 1.
- Monthly : Run into strong overhead resistance around 360. Need to take that out to wipe away the toppish feel to the chart.
- Weekly : Potentially in process of forming a triple top. Need to close below 320 to confirm. But waiting until then (now at 343) might be a bit late. Better to try and get in early and sell small against a 363 stop if a suitable opportunity arises.
- Am certainly NOT going to chase this, given that I am already plenty short S&P.
No comments:
Post a Comment