There is a high downside potential to be targeted and realised by the market. Firstly, from +10.0 to +0.0, an unload of contracts and stocks all the way to neutral zero; secondly, further selling down from +0.0 all the down to a potential -10.0 as a subsequent follow-up.
In addition, the Donovan Big Hands Probing Hypothesis as illustrated 2 weeks ago has so far given the Bear Market Confirmation although market had successfully classical conditioned majority of market participants to see market strength which is essentially fake strength.
Overall Market Rating:
Sideline from the markets whenever unsure. Advisable not to go long at all. Rather be safe than be sorry. Long/Buy/Invest wrongly and the market is likely to punish one harshly, especially since inflexion points are triggering. Shortists will not be punished. Olympics has just ended and is likely to follow the past traditions of sell-down resumption right after Olympics.