INDICES : more sell signals
​Short-term reversal patterns have been triggered on strong indices (Nasdaq, Russell Defensive), whilst weak indices and stocks are testing medium/long term reversal patterns necklines (MSCI World for example). Goldman Sachs even triggered a large head-and-shoulders. One may still see the glass half full, but we continue to see it half empty. Indeed, Defensive stocks just signaled medium term out-performance. Any bounce in indices is an opportunity to sell short
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