- negative bias on intra-day Liquidity Flows
- decreasing institutional accumulation
- increasing institutional selling action
- leadership stock ratio deflating to a +1.20 advantage to bulls
- institutional 'Core' Holding pushing the sigma 4 level (Bollinger 20 - 4 - 4)
...so far into today's session, the SPX 500's downside pressure was limited to the first hour to an intraday Low *1316. Subsequently, the index managed a new 52-week High *1329 and appears to be set to head higher towards the 75% retrace of the 2007-2009 Break *1348_*1353 upper channel resistance on the 6-month weekly trading set-up within the next couple of weeks.
on the flipside, a Close below *1313 would motivate the market to test the February 2 Low *1300 with potential further downside into the *1275/*1294 key support range as an initial down target
[67.1 % hedged]
Kind Regards
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