Today was a win for the bulls as the index managed to bounce off the 20 day moving average. But I am still bearish and since the top made around the 930 level the index is still going on a gradual decline. It will only be a matter of time before fundamentals really kick into the market and buyers are obviously exhausted. As for me, as long as the S&P remains below that yellowish-brownish trendline I am still holding to my shorts.
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