- Difficult week for Risk On positions but some light at end of tunnel shining through. Candles all exhibiting rejection of price extremes made during the course of the week. Eg S&P touched low of 1173 and rapidly turned back up afterwards to close week at 1199, leaving behind a long tail.
- Far from being out of the woods yet. Expect risk on risk off struggle to go on for a bit. Resolution could be either way still.
- Positioned here to go with the trend that has been in place since mid year. Not ready to give up on those yet.
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