last week on fSP500 Index according to my analysis

hello,

Being honest with you, I did not expect such a strong "rebound" on the Index. However, my perspective on the coming weeks has not changed and I still think that in front of us continued declines launched on May 13.

Yesterday we met Minutes from the United States which have not introduced anything new to the market. Main topics:

*FED saw no inflation risk in fueling job growths,
*FOMC participants saw `nearly balanced risks to economy,
*a number of FOMC participants saw possible risk in weak housing,
*several FOMC participants said low volatility may signal risk.

chart 1. Correction on fSP500 Index M30, 2014-05-22

In addition, this morning we met data from China. HSBC Flash Manufacturing PMI rose to 49.7 points from 48.1 but is still below 50 points.

Of course, do not forget to use a stop loss order at the level at which you respect the potential loss. Best to wait for the opening of the markets and see what will be the sentiment at the opening of markets in Europe.

regards,
oscarjp