Last week, I wrote an entry “S&P 500, The end of Elliott Wave” Just before the rebound of the stock market worldwide. Until today, the markets have up almost 10%. and after last night, Both S&P 500 and Euro STOXX 50 is approaching 200 days moving average. As the trading volume is slowly picking up, I believe it is very likely to break through and create a short-term momentum.

Of course, Euro Debt concern will certainly come back to haunt the markets in the near future, so personally, I think it is very important for people who are in-the-money to lock the profit and who deeply out-of-the-money to reduce their equity holdings. You can always buy back in the near future.

About the Author

Ivan Guan is the author of the popular book "FIRE Your Retirement". He is an independent financial adviser with more than a decade of knowledge and experience in providing financial advisory services to both individuals and businesses. He specializes in investment planning and portfolio management for early retirement. His blog provides practical financial tips, strategies and resources to help people achieve financial freedom. Follow his Telegram Channel to join the FIRE community.
The views and opinions expressed in this article are those of the author. This does not reflect the official position of any agency, organization, employer or company. Refer to full disclaimers here.

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