In one day the S&P 500 reached its upside target, a feat that I had thought would take 2 or 3 days at the minimum.
The scenario now calls for one more push lower to complete the re-test of the S&P 500 lows at 1370. I am looking for 1412 on the S&P 500 for the final re-test target level. It will be at this point that all of my hedges will be covered and more equity purchases will be on the fore.
These market movements have occurred so quickly that I have yet to post the buy list, but I will try and get around to it over the next couple of days if not the holiday weekend.
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