Today's session is one of the calmer ones, and unfolding in line with the presented outlook. I would point out the intraday stabilization in high yield corporate bonds (HYG ETF) as a bullish sign for the coming sessions. It's that by refusing to decline, they're setting the stage for their upcoming move higher, which is positive for the S&P 500.
Our open long position remains justified.
Stock Trading Strategist
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