This is a 1:52 intraday update of Turov on Timing for Friday, March 6, 2015.
The SPX is selling off hard right now, down almost 28 points. As I said on the overnight hotline, “resistance that prevented the SPX from closing strongly higher yesterday is likely to play against a move above 2104.30 today.” We are blissfully on the sidelines, safely ensconced in cash, and let’s stay there.
Have a great weekend, thanks for the opportunity to be of service, and I’ll email you again six hours before the start of Monday’s trading session.
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