Take your pick of any index ETF... and you have yourself a nice short term trade to the upside, with a stop just below the Jan 23rd lows.
If 1310 holds up on the S&P500 this week, then we can easily see a bounce back to 1375, and the critical 1406.
Overall I'm still bearish on the markets, but I feel that 1406 has to be tested as resistance before the next leg down.
It's a short-term trader's market as long as the $SPX is confined to the trading range I mentioned in my last post.
Check the ticker for the latest...
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