Latest Rally bounce

Posted: August 11, 2015 in Uncategorized

yesterday we had a nice rally on the US.

No one can say if it is a bottom or not.

What one can say that yesterday it was an oversold rally, specially strong because on Friday the US markets reached what in technical analysis is called a “death cross” (you can imagine what it is) – after 6 days of decline.

So just do not read too much into it.

But a bottom is likely to form between August and September.

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