Although I understand and respect the comments of the ONE subscriber who felt that TIG should have treated yesterday’s decline below 2470 as a stopped-out, for reasons described in the overnight report, we are treating the situation as being one where TOT daily traders have come into today’s session 200% long. Raise the protective sell stop on the position to a rather tight SPX 2477. On the upside, if SPX 2485 is reached first, take your profit there. If neither level is reached prior to the close, sell the position on the close. I’ll explain the reason why on tonight’s report.
Thanks for the opportunity to be of service, and I’ll email you again in about ten hours.
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