ORIGINAL POST: 3:40 PM
Today’s shaping up as planned. We’ve had a nice 10-pt move after tagging our downside target range of 1303-1308 yesterday and again this morning [see: Mixed Signals.] After fading yesterday’s opening at 1335, that represented a nice daily gain of 2.1%.
SPX has pushed up against its 60-min RSI channel and is showing signs of wanting to push through. Recall that our upside target for the next few days is 1342-1343. The ideal timing would be OPEX Friday, but don’t be surprised if we bounce around a bit and don’t arrive till Monday.
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