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SPX ES SPY Update Bad Monday Targets And Where To Scoop
As per last week, game-plan on SPX, ES, SPY etc is for a short-term leg lower and break of the 4000 area across the board. S&P Futures getting lose to that zone here premarket.
As long as BTC is cracking lower and rates going up everyday, its hard to have strong conviction on dip buying given medium term targets on BTC is now 20% lower.
The gist is: No need for FOMO here. Markets are volatile and correlated enough to wait for the fat pitch. For now there is too much noise and realized correlations all moving flows in tandem. Things have not broken yet. Following the generalized game plan above.