The index couldn't close above 2030 yesterday which implies that there is actually come bearish momentum to this "correction". I am currently short.
Palladium has broken out to the upside today possibly indicating the start of an uptrend.
Bullish wedge, oversold stochastics. Wait to see strength to go long
Correlation between CAT and SPY, and CAT and IWM, has dropped to an all time low since the crisis began. With the correlation between CAT and SPY negative and the correlation between CAT and IWM seriously down since the past five or so months, this could be an indication of slowing momentum in the global economy and especially slowing momentum in the Chinese...
The bulls are currently in control. Expecting it go move higher.
Keep a close eye on the 140 level for a rapid trigger of stop loss orders.