Friday, December 12, 2014
S&P 500 Futures Hit First Stop in Correction
After failing at the top end of the range (2075), S&P futures have come back and tested the September highs (2014).
I'd cover some shorts here and wait for higher levels to reload (the 9 dma @ 2052 is resistance) and capture some alpha in the process.
The 50 dma @ 1996 has a big bullseye on it...it's just a matter of time before we test it.
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