IIFT Daily Note with Peter Brown

Update

Posted by:  |  Time: 7:03 am  |  Topic:
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Great bounce yesterday from the bottom of the ranges. Tougher one this morning as there are no pivots anywhere near opening levels.

It’s a bit of a wait and see to start. Remember no news or good news pushes the S&P higher. So we need some bad news to reverse yesterday’s rally.

Got to wait for something to break for a trade. Could be a quiet day, not a bad thing after yesterday.

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