In today’s briefing:
- SPX Tactical Buy Dips
SPX Tactical Buy Dips
- Our SPX bull view to 4,100 was satisfied, (Layer out of weaker longs) and now shifting to a more tactical stance of buying the 3,950-support zone to retest 4,100.
- The current rise shares a number of characteristics with the summer counter trend rally. Weak spots are noted in small caps, NDX and Japan.
- DXY 103 is our turn zone for a low in yield and SPX peak and topping process in December head of a more bearish Q1
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