The island at SPX 2400
Under these circumstances, it may be prudent to think about these near-term bearish influences which are supportive of the bearish island reversal thesis:
- There are signs of complacency, which is contrarian bearish.
- Dealer positioning in derivatives could exacerbate downside risk.
- Political risk is nearing a breaking point that could affect the markets.
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Source: http://humblestudentofthemarkets.blogspot.com/2017/05/the-island-at-spx-2400.html
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