Hello everybody,
Yesterday, the S&P500 closed the gap that was formed on Nov.14-15 (see picture),
when the index jumped above the 3,100 mark right from the start. Having done that, the index has, for now, lost the immediate reason to decline, and may quite easily continue its course upwards given any favorable fundamental data.
But this is too little a gain for ELP Program. It is still looking for a bigger move. After all, nobody has yet disproved the need for mean reversion from time to time.
So we continue to stay put (short). For more info on ELP Program, click on my website link in Profile.
Yesterday, the S&P500 closed the gap that was formed on Nov.14-15 (see picture),
But this is too little a gain for ELP Program. It is still looking for a bigger move. After all, nobody has yet disproved the need for mean reversion from time to time.
So we continue to stay put (short). For more info on ELP Program, click on my website link in Profile.
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