08.35am Amsterdam
S&P future is trading around 898 down around 2.5% from yesterdays high.
The volumes have been decreasing, but yesterday the volume is significant compared to last 2 weeks.
One thing is for sure 920-930-940 and then 970 are all big big levels. I dont see any reason to break those levels unless something very positive happens.
And guess what, one bad news and we break the uptrend once again at 870-880 as mentioned earlier. This will be the start of a pull back.
I have been reading some articles about bear market history and Japanese asset bubble in 1989.
I am starting to have the idea that we might have not seen the bottom yet! One should be ready for anything. Maybe 1200 in 3 months, who knows!!!
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