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SPX FROM YESTERDAYS REPORT– Day 41 is late, we are due for a dcl, but we are still waiting for a reversal and a swing low. The 2822.12 is very important here. That is the last DCL Number.
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ONE SPX CHART FROM YESTERDAYS REPORT POINTED THIS OUT– Everything was sideways & choppy until the last 4 days of that last daily cycle. That was simply a 4 day plunge. If it happened then, it could happen again, so use stops.
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SPY MIDDAY - The SPY started to drop quickly and it does look similar to the first day of the drop in Late July.
Read More There was an interesting move heading into the close of trading on an Options Expiration Friday, so let's discuss whether they affect our analysis or have our expectations remained the same...
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