Market Clarity?
Today’s move may have confirmed the SP to move to around 1300-1320. An intereting move from the SMA’s that were once resistance…
Potential confirmation of this is the move within financials. The XLF looks to now want to move to around 24.
(Something like this would make me want to buy JPM, but JPM is at a resistance point at the moment and is overbought. It can most certainly go up, but I am being patient with it. I would like to enter JPM around 38, as a core position.)
