08.30 am Amsterdam
S&P future is trading around 909. The market is building up power for testing 930- 940 again with the strong support at 870-880.
This is like the same story we had in April, when the market tested 870s 3 times before breaking it, with having a strong support at 820-830.
Only this time, I think the market is not going to break 930-940, and if it will, it will be a false one. In my opinion, this market has just covered the oversold part(the expectation that it will be worse) of the bear market. We need real improvements in the economy to go up further. But, as i always mention, the market is always right and everybody should be flexible to adjust to the market.
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