Down the rabbit hole

“But I don’t want to go among mad people," Alice remarked.
"Oh, you can’t help that," said the Cat: "we’re all mad here. I’m mad. You’re mad."
"How do you know I’m mad?" said Alice.
"You must be," said the Cat, "or you wouldn’t have come here.”

― Lewis Carroll, Alice in Wonderland

Market holds support at 2169 whilst waiting for Janet's speech at Jackson Hole. I wonder just what 'Alice' will have to say.

Now we will find out whether the market has been correcting internally before pushing on to new highs; or getting ready for a nose-dive.

Chart of S&P500 for 26 August 2016

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Disclaimer: This is the diary of a personal trading system, its methodology and the signals that it is producing. You are welcome to follow along but please understand that the information presented here is for educational & entertainment purposes only. No recommendations are being made to buy, or sell stocks, options or futures contracts. Please consult your own financial advisor before making any investment decisions.

 

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