The S&P is at a great level to put on positions, both to the long and short side. It is not clear yet whether we have double topped, or if this is the stat of an uptrend. Both have developed, but neither has broken out to confirm its trend. In situations like this it’s best to start the week delta neutral and add/subtract positions as the week progresses.
Our unfilled targets on the S&P are still $1122.
Our unfilled targets on the S&P are still $1122.
News announcements for the week…
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