Last Friday's strong move back up has left many surprised. it seemed confirmed the double bottom at 1867-1876. But the weekly BP is at -9 while SPX increased about 20points. The participation seems still very bearish. So it could be just a technical rebound. protect exisitng long position is advised just as last few weeks.
BP value from http://forum.gmbpcapital.com/vip
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Last Friday's strong move back up has left many surprised. it seemed confirmed the double bottom at 1867-1876. But the weekly BP is at -9 while SPX increased about 20points. The participation seems still very bearish. So it could be just a technical rebound. protect exisitng long position is advised just as last few weeks.
BP value from http://forum.gmbpcapital.com/vip