Last week T3 traders recommended investors sell their macro longs into the 900-925 area in the S&P 500. Short term traders always have a pulse on the market and can even feel a change before it even happens. Just a short time ago, we noticed signals popping up that the market: 1) excessive bullishness in the banks and other leaders, 2) cheap stocks makin tripling in price,
3) technology stocks rolling over, and 4) starting the week strong and ending weak vs starting weak and ending strong. Today could be a confirmation that the market will rest, and possibly pull back into support areas in order to give other investors a chance to buy.
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