MEDIUM TERM UPDATE
Whilst in the long term we still think that the market should touch 4800, in the short term market is retracing heavily: market with futures is now on support in the area between 4630 and 4585. Any breaking on daily and weekly basis can compromise the short term trend, and market very likely will reach 4540 and 4477.
Strongest support is 4,370 points.
DEMARK BEARISH in short term.
VIX bearish for stock market.
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Past performance is not a guide to future returns. The value of investments and any income from them is not guaranteed and may fall as well as rise and the investor may not get back the original amount invested.
Aleph Finance is a trading name of Pairstech Capital Management LLP.
Pairstech Capital Management LLP is authorized and regulated by the FCA – Financial Conduct Authority – with registration number 477155.
Pairstech Capital Management LLP is authorized as third country firm without a branch by CONSOB with registration number 54.
Registered Company number OC333807.
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