This is my view ... not a guarantee. Remember you are adults so please use your own analysis and processes.
Comment
⋅
Feb 4: 1300 AEDT Long bear absorption pin Feb 3 and S&P500 bullish move Fri suggests higher move on Mon open. Main support now at 5625. Mar Futures are now +24 at 5600 Expect ST bullish but above MT targets remain in play as this is not a reversal pattern - maybe another bull trap heading into reporting season. I have again started to notice (but had forgotten) the month -end "window dressing" in the US which spills over. Also fundamental news suggests the "shit is hitting the fan" between tweeter and the Iranians. Watch the gulf! It is nervous over there. Trust someone will pull him up, otherwise my oil short is toast. Beware the "ides of March" ... ... just my 2c worth ...