In today’s briefing:
- SPX Met 3,700 Sell Zone to Reduce Long Basket/Roll into Shorts
SPX Met 3,700 Sell Zone to Reduce Long Basket/Roll into Shorts
- Call was to buy our long group for a mid-October short covering rally. Lofty CPI means we retest lows (late October). Top today for dip, better sell territory next week.
- NKY was our top long bet in our long basket (NKY, ASX, Euro Stoxx 50 and SPX) with a call to reduce with ideal sell levels due next week.
- At SPX 3,700+ we are rolling back into our short group. Ideal low due in late October.
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