Without borders or boundaries

Neo: I know you're out there. I can feel you now. I know that you're afraid… you're afraid of us. You're afraid of change. I don't know the future. I didn't come here to tell you how this is going to end. I came here to tell you how it's going to begin. I'm going to hang up this phone, and then I'm going to show these people what you don't want them to see. I'm going to show them a world without you. A world without rules and controls, without borders or boundaries. A world where anything is possible. Where we go from there is a choice I leave to you. (The Matrix – 1999)

Market remains on a Sell Signal, for now, and looks like marking out a descending channel, targetting support at 2145.
Finding support below the tightening bollingers, which are becoming extremely tight.
Strength above that channel would indicate a change in direction.

Chart of S&P500 for 02 September 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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