Stay or go now

A sell short signal may be imminent but is not confirmed yet by an 8/21 trigger. Further downside will trigger

Wednesday and Thursday's recoverys off the mid-point should really have led to more upside. Fridays' action looks like failure of that.

The blue T structure is suggestive of another peak, a recovery into expiration? Perhaps even into end of September.

First moves into the mid-point are often good bullish entries.

Oscillators are now looking weak.

Chart of S&P500 for 15 September 2014

Comments

No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *