TOT daily traders are currently 200% long from SPX 2090. The market currently is down about a point from there. If the SPX is down on the day (i.e. below 2092.83) at 10:45 this morning, sell the position and move to the sidelines. If the SPX is above 2092.83, hold the position but raise the protective sell stop to SPX 2085.
If the market is up at 10:45, the odds still favor the market being up on Tuesday. Therefore, unless contraindicated by a late-session email, if not stopped out, carry the long position overnight and into Tuesday.
Thanks for the opportunity to be of service, and I’ll email you again prior to Tuesday’s opening – or sooner if circumstances warrant.
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