MacroVoices #348 Eric Peters: On The Road From Mean Reversion To Reflexivity
Macro Voices
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What's Your Thoughts on the November 9th Op-Ex?
The November 9th op-ex encapsulates the November 8th midterm elections. Current spot as I speak is 3740 on SPX, which denotes about a 3% move by November 9th. The upper expected move is around 3850, which we hit yesterday,. And the lowerexpected move is around 3630, which is just above the support of 3600 and the very strong support of 3500. Now obviously these levels could be tested in the same week at the high and the low based on what happens.
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