Massive short squeeze rally on Thursday and Friday last week. But without real genuine buying the market should sell-off again this week.
The buy programs that triggered the short-squeeze last week is certain to continue simply because the central banks can just print money to fund the buy programs.
Whether or not they can continue to push the market higher this week only time will tell.
Key price level to watch will be at 14,000 as line-in-the-sand, bullish above it with the first resistance at 14,500, and bearish below it with key support at 13,700.
A sustained breakout of the 13,700-14,000 price range is likely to trigger fast moves out of the range.
