Hi traders, the S&P500 lost 0.8% last week, a small pull back, which we expected in our last week review after a 4-week, 5% “Trump rally” which is now losing power. The market is currently balanced with no real reason to move lower or higher, so that the next move will probably be triggered by upcoming news, and we have plenty this week: The Italian public poll which may lead to a “Brexit 2”, The Austrian elections today, and the EU central bank meeting on Thursday. Conclusion: both market directions are valid, however, in my opinion: a small advantage to the bears.