Sp's are too strong to sell here as we approach the end of the week. But as we trade into what has been resistance all week, I would pass also on buying it.
One interesting item worth noting is the Key Reversal in the ten year notes today. It may be a sign the panic flight to quality is ebbing and a return to riskier assets a consideration. Further strength in the sp's could push the sell zone to the 960's, but that's getting ahead of ourselves. We'll see how the charts look on Monday. Have a nice weekend.
Posts
