Fading this 2-3 day monster rally. Doesn't feel like the bottom yet especially given all the Washington uncertainty still in the air, and after watching CNBC's Fast Money's Carter Worth, he laid out some pretty good points on why there is likely more to go.
Using 1st Dec IFT to exit S and C funds, shifting all into F, COB today (Dec 28).
BTW, this is a Fibonacci Retracement I did a week ago on the S&P, based on medium term bottom and tops. Notice where we are now near 2487 around noon EST, piercing the 1st 2 levels with 2254 being the next.
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