The stock market didn’t reach our objective in the low 2700 and rebounded swiftly, confirming the strong internal momentum since the beginning of the year. As mentionned yesterday, the model came back to the neutral level and it is difficult to forecast, at this stage, if the market is embarked to reach new highs. For the time being, the trading model is still pointing down, this may happen in a correction/consolidation whose consequence is to fool bulls and bears.