2nd attempt to correct – this time deeper


End of the month buying yesterday was consistent with our buying weakness strategy. We expect second attempt S&P500 to correct overbought conditions and  my guess is 50% retracement around 750 area as main target … anything below is welcome. Anyway we won’t be suprised to see much shallow correction as sideline money are  looking for opportunities.

We stick to buying weakness strategy expect stocks to rally in April.

sp2

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