See how the BB use the media to create fear in the market.
Just not long ago, the Greece issue is all over the media. Creating fear in the market.
Now they said they are not exposed much to Greece.
http://www.channelnewsasia.com/news/business/singapore/singapore-s-exposure-to/1964476.html
http://www.marketwatch.com/story/greece-buys-hardly-any-stuff-from-us-anymore-2015-07-07?dist=countdown&link=sfmw_fb
So what is the focus for this week?
http://www.marketwatch.com/story/eurogroup-ends-meeting-with-no-agreement-will-reconvene-sunday-2015-07-11?link=MW_home_latest_news
What about China?
3 trillion is wiped off Chinese shares in 3 weeks and that is 700% more than Greece's total debt.
Suddenly Greece issue seems so small.
http://www.bbc.co.uk/news/business-33438416?ocid=socialflow_facebook
What is the lesson learn over here?
Never listen to the media. or ME.
Trade or invest based on the chart.
The chart said buy, you buy.
The chart said sell, you sell.
The media said BUY, you buy, prepare to say:
GOOD "BYE".
Support Level 1: 2075
Support Level 2: 2045
These 2 support levels is critical. you can see that s&p 500 went to a low of 2044 then closed above 2075.
and i also mentioned that s&p 500 have to close above 2100.
2100 is a important level to watch.
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Market Sentiment
Short Term:
Long Term:
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