The daily model is bullish today, and the odds favor a continued advance, primarily in the morning. As I said on Friday, “I doubt anything substantive will happen over the weekend,” and nothing stock-market influential
has. Expect a strong morning, although the balance of the day is less clear. TOT daily traders come into today’s session 300% long. Raise the protective sell stop on that long position to SPX 2435. I’ll update again within the hour. Ignore the overnight recommendation.