In today’s briefing:
- SPX 3,500 Transitioning Higher
SPX 3,500 Transitioning Higher
- Our bullish risk call at SPX 3,500 has panned out nicely while using our short group to sell squeeze rallies. Increasing evidence sides with a more bullish November for risk.
- USD and the US 10yr yield face pivot support with a tactical bounce bias. Conviction is to sell the USD and Yield into strength.
- RTY long from 1,650 has been the star performer while shorting the NDX on squeeze spiked has worked fairly well. Update SPX, RTY and NDX buy and sell level outlined.
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