Over the last three trading sessions, the S&P 500 broke with violence the support area we metionned in our previous comments before rebounding swiftly, tracing a kind of V bottom back to the 2930-50 zone. The weekly sentiment survey among private investors improved with a bull to bear ratio of less than 0,5, historically a buy signal. We expect the market to stabilize around these levels over the next few trading sessions. Our risk profile index improved and stands near the green zone. Systematic models still point down and may need some more backing and filling before turning up.