As highlighted before last week, the market shack-up due to US credit rating downgrade give us a excellent trading opportunity. Posted above are 4 recent charts. DJI and and oil price has rebounded for the last three trading days. Sign of sentiment improvement. Gold price is in the verge of retreating, sign of money flowing back to equity in short term. VIX is also retreating confirms the change of trends. So geared up and get into the market so you wish at your own risk.But bear in mind, this is just a short term opportunity. The overall global economy is gloomy. I cannot comprehend how could the rising the debt ceiling will solve the US's economic situation. Hence, the root cause is still not up-rooted instead getting deeper. Lets observe and get out of market before the market tank again. It can be weeks or months.
Happy Trading.
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