As I said in the last post I am expecting more downside in the stock market. Markets were extremely overbought and are now correcting. Another very bearish factor is the sudden and persistent dollar strength. I think the US dollar strength is revealing a tightning in global liquidity.
In this scenario commodity stocks will continue to suffer the most.
I will keep my S&P shorts because I think we will test 1,050 in a first move and then eventually 1,000 points.
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