BULLS against the bad revised GDP

Yes, it happened yesterday. The revised US GDP down from 2,4% to 1,8% by the Commerce Department. But what was the market reaction?

Gained. The investors think maybe the tapering of QE by the FED is not so eminent as it seemed last week. We are still in negative territory since may, but it is a good sign, that the bulls are getting stronger. Against bed news the market could be strong on the long side.

Technically, on daily chart yesterday was a breakout from the selling mood after one week. Our first resistance is at 14980, if it breaks we have a nice area up to 15.300.

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