The volume was quite high today, however we should not forget today was Triple Witching day. We did not cross the 30800 today and that is a good sign.
However, the general situation is unclear and we have to wait for market action. Of course, weekly uptrend is intact and we should still have long positions.
Holder portal has published funds buy/sell transaction ratio in May (here):
It seems the mutual funds were selling shares in May, but the polish pension funds (OFE) were buying them.
Quite interesting S&P500 analysis (here).
Sources:
[http://seekingalpha.com/article/144187-s-p-500-fundamental-and-technical-convergence]
[http://www.holder.com.pl/fm.shtml?id=7231&fm=11154&c=30348801004 (via Google Language Tools)]
[http://pl.wikipedia.org/wiki/Otwarty_fundusz_emerytalny (via Google Language Tools)]
[http://www.investopedia.com/terms/t/triplewitchinghour.asp]
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