S&P blowing trough the roof on the upward Bias of the first trading day of the month.
Selling may not come until Wednesday if we are in a normal market.
Any selling before would be a surprise and a bad sign.
Conversation
Since elections almost every Sunday night futures gap up, then sell off by end of day Monday. Let's see what happens tomorrow.
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New money coming right in. Technical rebalancing being made up. Up 30 plus as predicted this morning. Everything still depends on bond market. Another thrust on 10 yr toward 1.60 and stocks will get hit.
We aren’t in a normal market watch the 10 yr yield if it does not remain stable on either side market will react negatively
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