Watch for SPX $3013

The morning has been corrective trade, with the averages benefiting from the tailwind of selling of accumulated premium built up in volatility. There’s still about 8% premium in VIX. S&P and Dow +1% each, NASDAQ +1.75%, and Small Caps +0.8%. 9 of 11 sectors are higher led by Technology (+2%), Energy (-1.1%) is at the…

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