*Today’s DMP=.67- which is VERY LOW- indicating 3:1 sell/buy signals-
Here are the levels below MKT-
SPX R1-R2=2793-2800- Sell/fade/SS- this level.
Traders/PM’s are advised to maintain a conservative allocation profile with limited long exposure , high levels of cash, and consider being positioned primarily short over the next few days. Our model indicates limited UP side and High snap back risk into 6.15-18.18-