The current medium-term “flip” threshold at which the funds would become sellers sits at 6,140 on the S&P 500, Citadel Securities’ team of macro strategists estimates, compared to Tuesday’s close of 6,370.86.
Özgür Özel: "The police caught the baklava seller with drugs, they trained him for a month, and then sent him away with the bagman; we have 32 hours of footage, they planned it minute by minute."
A break and hold above $1.17 could open the door for an accelerated push toward $1.20, a level last seen four years ago. If resistance holds, however, expect some profit-taking or flow-rebalancing first.