Outlook 07/15

Tip of the day: Never fade HOD/LOD and less when HOD is an ATH but, if you're a seller, just wait for a break down of previous steps (LVN) to lean on. Market never pushed below LVN 2455.75, so sellers have been trapped. Use the steps (LVNs) of the ladder, on the way up to the roof and, on the way back to the floor. It's safer. We cannot guess future but at least we can follow the signals where present fails.

Market Update: Auction range from 6/29 CLVN 2402 and CHVN 2430 has been balanced so it's time to 'Back to Value' game.

Next week starts with Sunday's China GDP, EUR CPI on Monday, ECB on Thursday and U.S. earnings all week ahead. Next Outlook on Sunday.