At current levels, and on a medium term view, I'm flagging caution.
Yesterday's thrust higher was potentially a false breakout, similar to what we saw on 17-January with 20 and 21 January being the follow-through. Remember, we are 53% off the March lows. In my view, the 1H 2020 'easy money' has been made and thus very aggressive long index positions would be taking on excess risk.
Caution.
Yesterday's thrust higher was potentially a false breakout, similar to what we saw on 17-January with 20 and 21 January being the follow-through. Remember, we are 53% off the March lows. In my view, the 1H 2020 'easy money' has been made and thus very aggressive long index positions would be taking on excess risk.
Caution.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.