Lighten up exposure as S&P 500 tops 5,400, says BTIG's Krinsky

By MarketWatch | Aug 12, 2024 at 08:14 AM EST

The S&P 500's recent rally may face challenges ahead according to BTIG's chief technical strategist, Jonathan Krinsky. Despite positive signs like the put/call ratio, he believes the bounce has peaked and suggests reducing exposure at levels around 5400-5440.

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