Squeeze

The grind downwards continues and the bollingers contract further. An orderly decline.

But a squeeze is about to occur. Expect a move +/- 50+ points

Maybe the Fed will bring some juice to the market, maybe the Scottish vote.

Although in steady sell mode, Shorting seems to be a risky option and until the 8/21 trigger confirms then I believe that we still may have another shot at new highs.

Chart of S&P500 for 16 September 2014

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