Very Quick Update: SPX
If you took the SPX/SPY trade setup off this morning’s support area, now is a good time to trim in lock in some gains!
Do not let the remainder turn into a loss. If you’re in calls, you’ve seen a ~100% move already. cheers.
That’s as we’re into the 50% to 61.8% retrace zone.
As for the individual stock setups, man, nothing triggered this morning. They, the funds, are rotating out of the winners and into the losers. Note this by our relative strength list below alongside an up-market and an explosion in growth/tech.