- Eventually A breakout occurred and was magnified by some good news.
- The last "good" news was the 4 months deal in Greece which can only have short term impact.
- From here the upside is very very limited or at least can only occur in slow motion..
My position is still short through the put spread march 2000/1930.
4 weeks to go.
i think there is a risk next week flat and a small risk the rally persist to 2140 circa the 20th of March 2015.
from a feeling perspective: i feel this breakout is a fake and think the market will correct 10/12% from here no later than in 1week.