The Day Ahead: Addendum 2021-02-02

Certainly been a strong morning in the equity indices but I think it wise to consider the possibility of a lower high forming.

Certainly been a strong morning in the equity indices but I think it wise to consider the possibility of a lower high forming. The S&P 100 has some resist at 1767.40 though I have a slight preference for just above that at 1772.80 or 1775.00. The bullish alternate is the low last week was yet another fourth and will ultimately get a new high later in th…