S&P had a big push in the earlier session to touch the 2012 highest price. But due to lack of demand that big push didn't sustain and market lost 50% of its gain by afternoon. With the Europe in this situation and market lacking demand is little worry point.
My long term market breadth indicator is showing me buy signal but I am not too sure about it we are lacking demand in this stage.....
I am currently holding both long and short positions with tight stops.....
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