Great close, in-line with rallies (short covering and bargain hunting) across Asia and Europe with the news of the bailout from Greece (but it isn’t cast in stone. Imagine the plunge that could occur if it fails?). 2880 is interesting. To short, to wait, or to go long?
I am personally loooking at the gap towards 2890-2900 region to be closed. If it can rally till 2920, I will watch if there is any indication to go short. Else I will wait for confirmation of an uptrend should the index trend higher. Stay tuned and watch for Jay’s posting, coming up shortly.
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