Intraday comments

15.45 Amsterdam
S&P future is trading around 932, bulls are dominating the market. 930-940 resistance is the target. Looks like this time it is going to get out of the way. But the next resistance is 970. And then 1000 level. I dont think the market has enough power left to deal with all these big levels. Together with continuing uncertainty-summertime low volumes, I expect a sideways market with max 970-1000 for the coming months if not down of course. As I mentioned in the morning, I am still bearish overall, but I am slowly turning neutral since the supports have showed real strength for the last weeks.