DBD Strategy Daily - THIRD GAP ON THE S&P 500
A new record for the S&P 500 and the Dow Jones, a strong rally in Europe, a violent bounce in Asia... Is it a new movement? In China, the major levels have not yet been passed. Trends are still bearish. In Europe, trends are still absent, we cannot qualify what we have just lived as bullish. Statisticians call it noise around the average. In the US, it is of course still bullish, but the record volume of options that were traded yesterday can bring the short-term trend to a halt. The Bund has reached its short-term major support.
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