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SPX risk range indicated -0.4% daily downside versus +2.5% path to highs, Keith McCullough notes

SPX risk range indicated -0.4% daily downside versus +2.5% path to highs, Keith McCullough notes
SPX risk range shows upside to 7835

Keith McCullough, founder / CEO at Hedgeye Risk Management, observed that the SPX Risk Range signal showed only -0.4% downside for the day, compared with +2.5% upside to potential all-time highs around 7835.

His analysis suggests the recent market setup offered more room to advance than to decline.

McCullough has recently updated risk range signals for 36 long and short ETF positions over the weekend, as detailed in a prior note. He has also signaled a buy on a software stock through real-time alerts and sector notes, according to another report. These moves reflect ongoing adjustments in his risk management approach.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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