My view is unchanged - we are likely to bounce around these levels for today, and continue lower in the next few days. Medium-term, I am bullish for about 1000 on SP500; 5100-5300 on DAX. This week will likely produce excellent entry points for medium-term longs.
Some of my favourite medium-term longs will be Basic Materials and Industrials, such as Alcoa and US Steel.
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