Rock and roll!
I'm slipping a leg into my metaphorical bear costume, makes 25% conviction on the short side. Why? This is the first test of resistance (S&P 870) and I think it'll fail. Yes, I see the stochies pointing up...but the best fades are the hardest fades, right?
If we power through that level, I'll rethink my thesis. Until then, I'm giving Boo the nod. A'ight?
Not always right, but always honest.
Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at firstname.lastname@example.org.
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