The action today in SPX is the type I expect on a day after a three-day weekend, choppy probing of ranges. As much as I want to be bearish, I can’t pound the table to short while SPX is holding 4495. Aggressive traders can attempt to fade against 4513 or 4524.
Checking in on bonds, nice to see ZB pushing down away from 121^31. Will see i…
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