S%p future closed around 940.50 day moving average being above the 200day moving average and together with the latest positive news the market is heading higher. Next level to test is 955 and 970. Roubini said the recession might be over in 6-9 months. Whitney also made similar comments on monday.
I am getiing sceptical about my bearish view but it is too soon to change plans. Afterall previous experience tought me that in a bear market , there is always a reason to go down. And still we are in a bear market.
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