Awaiting Healthy Pullback on S&P
Now that the e-SPH has hit my optimal target zone of 1281-1283, my work is telling me it is time to be careful -- from the long side -- and to expect a period of pullback and correction into the 1272-1268 support area (ahead of the next rally). At this point, we do NOT want to SHORT, but we do want to wait for a healthy pullback to enter the long side of the index.
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