The Swiss team sight the ‘momentum of the January bull leg is unsustainable. They also point out that, ‘a classic price top is still missing in any one of the major indexes’ so too early for selling or shorting. They believe any kind of near-term weakness as the beginning of a top building process that should last into a March top. Report here: Weekly07-02
Technicals aside i wouln’t chase this too hard here as we have come a long way very quickly now. We are still overbought, we have plenty of geopolictical threats as well as the euro issues to torpedo the current momentum.
Rich
(8 votes, average: 4.88 out of 5)
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