Not much to add, we are building up complacency, the weaker dollar is not helping equities at all which tells me we have reached a price level where supply is meeting the demand. Energy shares are outperforming, telling me traders are reaching for beta and already own enough tech, and don't want to own financials.
Looking for a trip down to 1120 at a minimum next week to fill the gap, perhaps going down to as low as 1105.
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Last week's SPY close is 114.82. I'd like to see us close below that this week.
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