We should pay MORE caution here to the market.
With stress test result to be out on Thursday, banks are likely to cash out to try hard to meet cash/capital/etc. criteria set by Fed, since not a single bank wants to see its name in the failure list. If so, Today's top on SPX could be a real TOP to play on short side.
As I am writing this, market starts to pull back with sizable volume. Still holding my BGZ, with a mental stop.
Morning Post 03/03/2025 SPX
4 hours ago
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