After bouncing around the all-important 2,845/2,795 Equilibrium, the S&P 500 busted through and rose 40 points in the last 90 minutes on Friday. Given how strong the resistance was on the upside, ANIE sees buyer support around the same Equilibrium on the downside this week. That said, with the start of earnings season and the black hole in company guidance and analyst revisions so far, I’ll use this opportunity to reiterate some past advice. Buckle your seat belt and hold on tight—it’s going to be a wild and bumpy ride.
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