May

17

 Something very significant just happened on a tennis court in Madrid. Roger Federer beat Rafael Nadal in a masterly, choke-free performance, 6-4, 6-4, on red clay.

Federer victories over Nadal have customarily been a very bullish immediate short term indicator for the SPX and I suspect we will be up a lot this week.

My bearish views are on hold.


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