SPX nearing target of multi year breakout..

6 Mar 2017

On watch for potential med term top based on measured targets from the 2009 bottom, 2014 breakout. Multiple Fed hikes and political risk stemming from the Trump admin add weight to this view that stocks are approaching interesting levels for shorts. I'm waiting for one final push to shake out any weak hands on the short side before looking to sell in front of 2450.