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I'm Not Buying Into There Being a Low -- Yet
Too many risks remain right now
Danny Riley
October 25, 2023
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Our View
It's been over 17 days since Hamas attacked and killed over 1,400 Israeli citizens and 13 days since it began its military build-up near the Israeli border.
After falling in four straight sessions, the ES has had two big days of short-covering rallies (although technically still closed lower on Monday). Still, it’s been trying to find a footing.
The PitBull’s rule is that the ES tends to rally early in the day and early in the week, and while the ES may be 'trying' to rally, I still think it will be sold. I'm going to keep it at that.