On the overnight message, I stated, “TOT daily traders went 400% short at SPX 2371.51”. That “2371.51” should, of course, be “2371.51.”
Furthermore, the market “should” be weaker than it is now. The SPX is currently down about 4 points at just below 2369. I would not like to see the SPX exceed its daily high of 2374.24 by any more than a marginal amount. Consequently, please lower the protective buy stop to SPX 2376. If the SPX declines to 2365, lower the stop to SPX 2370, and for each additional 5 point decline, if it occurs, lower the stop by an equivalent 5 points. If still short at 3:45, I’ll have another intraday message at 3:50; otherwise at about midnight Eastern time.
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