TOT daily traders went 200% long on the opening today and have a small loss on the position. The daily model is certain to be bullish tomorrow. However, if the SPX is able to close above 1726.75 today (about 4 points above where it is now), then the likelihood is for some profit taking tomorrow in the early going. Therefore, if the SPX is closing above 1726.75 today, sell the position on the close today. Otherwise, carry the position overnight and into tomorrow.
Thanks for the opportunity to be of service, and I’ll email you again in about ten hours.
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