Blake
First off, as a trader most of the time I am agnostic to the direction of the tape. Currently, based on my experience of trading the tape professionally for 14 years now, I think the environment, which includes underinvested portfolios may lead to some more upside. I think I was pretty clear that my upside target for now is 1440 on the SPX, which is no huge leap. Second, I also clearly stated that if we hold below 1400 I would consider shorting the tape.
By: Serge
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