The put/call ratio suggests the bullishness has not been flushed yet:
Thus, the correction is not over.
I expect the economic releases today to be positive, which, along with Ben Bernanke's speech, may push futures up at the open. However, I think this will represent a low risk opportunity to sell. If I go short, I will use small size since, given the recent rhythm of the market, selling does not seem to be very profitable.
No comments:
Post a Comment