• SPX 1220-1230 support…that was the breakout level from last week
  • given current volatility however support may not come until 1200…phsycological level
  • buy fins on pullback
  • transports and fins had clean breakouts last week
  • our base case is to see a very choppy sideways movement for the next 3-6 months before ultimately resolving lower

 

 

 

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