Daily Review

Global market has been experiencing a weak and downward trend since April 2012.

Oil price started to fall from $110 to $80, US Dollar index raised from around 78.5 to 82.5, VIX  12~13 to 20 approximately, DAX and FTSE are still under the downtrend line.

The market has lack momentum on rocketing his price. It is experiencing a low volume, non- profitable stock  cashing out pressure. It is also suffered from looping in European negative news no matter they are just a trigger point. But It is a factual and fundamental problem of the world economies. All of those pinpointed the market is weak and it cannot reach the moon in the coming 3 months, at least.

A daily review of the market

In short term, market oligopolies are still rotating their position to July. 

Index is standing around 19000 falling from 19500 three days ago. There is no back up on these short position which constituent volume is still staying really low and contracting.
True short sell ratio is illusory since it is a noisy data in this scenario. Short sell positions are formed on 18&19 constructing with Futures closing and switching on 15&18 June.

Also, CBBC futures hedging position should be take into account while the bet is accumulated reaching a intense level. 

There are 1.5 more days to go for clearing day. Rotation is still in progress providing a chance on closing their short position. It induced price rising very shortly and rapidly in a moment.

Paying 50 points on SC 19200 and LC 19000 bull spread strategy would be appropriate.

19400 SC can be still hold.