I’ve been away from stock market for for 3 weeks and I know here has been quiet for a while. I do not want to join the long side and it’s not good time to short either, so step away is the only choice for me.
my long term bearish take on stock market remains strong. If you are hunting for a short entry just like whati am doing here, 1230 is the line to try something. 61.8% retracement is the most common scenario in wave2 and I do not think market can get over it in one shot if this is not the destination.
USD has been hanging around for a while and I am ready to changed my hedged position to naked short on EUR and GBP sometime next week.
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