Arms over 2

Covered at 2125 in the expectation of a short-term bounce, and prepare for short covering rally into options expiration on Friday.

High ARMS and low NYMO readings suggest that we may have seen enough panic to turn the market around short-term.

Chart of S&P500 for 14 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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