Have a look at the previous recommendations and my charts.
I would not continue to aggressively sell commodities here.
In the S&P I would be looking for a consolidation move sideways in before mentioned intervals this week and perhaps next and then higher again if the bearish hedging continues at this pace.
Will evaluate the relative value of commodities vs equities as this consolidation period continues.
As always, sell volatility on any spikes.
No comments:
Post a Comment