Monday, March 23, 2020, 1921ET
Notice of Change of Market Bias with Timer Digest
Last night, Dow Futures, #YM_F June Contract, for all practical purposes hit our Secondary Target of 18,000 (Nov 2016 Election) level. Our Primary Traget was 21,700 (Dec 2018 lows). With HA prop indicators, again in extreme oversold readings and with House & Senate Leaders working feverishly trying to lift this economy with multiple Saturn V Rocket Launches, we are thinking we should be close to another bias change.
Therefore, we are GOING LONG SPX as of today. We will stay flexible with hold period for this trade as this is purely a news driven market and not a technical one.