Buyem: SP500 Levels, Refreshed

Takeaway: Keep moving – markets are.

POSITIONS: 11 LONGS, 4 SHORTS @Hedgeye

 

Fortunately, I can’t call today’s note by any politician’s name – it’s just another signal that we are tagging the low end of our risk range.

 

Across our core risk management durations, here are the lines that matter to me most:

 

  1. Immediate-term TRADE resistance = 1464
  2. Immediate-term TRADE support = 1444
  3. Intermediate-term TREND support = 1419

 

In other words, keep moving – markets are.

KM

 

Keith R. McCullough
Chief Executive Officer

 

Buyem: SP500 Levels, Refreshed - SPX