Don’t Go Bullish On This Market Just Yet. Trouble Ahead.

After my BTFD trade that I recommended on June 24th 2013, I’m here to warn you, not to go Bullish on this market just yet. The BTFD hysteria has exhausted itself, and ES (S&P E-Mini) is trading at a key resistance level. Anything can happen. Given the slew of bad economic data and The FED Disappointing, the current sentiment in the markets is more like, SELL The Rips (Rallies). There is a BEARISH bias to this market, which will remain until the ES breaks 1700.

ES_F - 6-27-2013

Recommendation: HOLD

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Wall Street Fool provides unbiased real-time market analysis and commentary for Stocks, Bonds, Futures, Forex, Fixed Income, and Derivatives markets.
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