Same Same, 27th December 2022

🖼 Daily Technical Picture 📈

➤ Thing's pretty much look the same as expectations prior to the Christmas Holidays. I'm expecting equity prices to bounce higher. The extent of which will tell us if the Bulls can regain a foothold or the Bears once again take control.

➤ Price again bounced off the Support level at 379/380 on the SPY. Pre- US Market Trade in Asia is firmly positive. Pre-hours have been wildly unpredictable of actual direction during US Trading hours.

➤ I currently hold +34% long exposure. My European positions were cut but I may re-enter depending on today's action. The maximum portfolio exposure is +/- 200% on capital, the level of highest conviction.

➤ Conclusion: Watch for the Bounce (if any).