Midday Update: 2023-09-08
Close to a corrective high in S&P 500?
S&P 500 futures rose briskly from the first support I mentioned in the post last night such that cash advanced on the open to test the 20 EMA and 4473. That could mark the wave (IV) high though there is still a chance while above 4457 that 4473 be retested or even get a minor new high prior to a reversal.
Bonds are bumping up against in…
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