In today’s briefing:
- SPX Targets and Post NFP Surprises
SPX Targets and Post NFP Surprises
- Bearish from SPX 4,060-80. Near resistance at 4,020 was used to add to shorts. Downside surprise due this week on break of 3.900.
- Key support breaks amid systemic risk saw us raise our net short going into this more turbulent period that should wrap up near the 20th. Started shorting in Feb.
- Added Japan to our short list being a laggard. Once laggards buckle we will be closer to a short term low.
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