September 11

So we bounced off the mid-point channel and it seems that the gray price T structure is pointing to the lows.

If we get follow through then a move to 2020 for september expiration is possible.

However the oscillator is now on the verge of a Sell Signal and it is likely that it will trigger today.

Price action today could be critical.

Chart of S&P500 for 11 September 2014

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