Sept 13th – Bottom Fishing

After another short review, we will talk about some trade set ups and some 'bottom fishing'.

   

SPX - The General Markets are still moving up out of the recent lows. No change from yesterdays report, I would raise my stops to lock in gains if the gap below eventually fills.

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Sept 12th

Not much has changed since the weekend report, so todays report will have a short review and then I will discuss a few other important ideas.

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Sept 10 – Is It A Melt Up?

 

SPX-  I will repeat,  I never called the recent dip an ICL. It lacks the characteristics of one, but what I did say is that we have been overdue for one for a while. So we have a dcl, and similar to the last couple of dcls, the move higher has been a bit choppy, but we have higher lows and higher highs, so an uptrend continues.

SPX - In August I reminded readers that we were due for an ICL, but visually, I still do not clearly see one.

SPX - Then on Sept 1st, I posted this as a cautionary note of a possible rising wedge and mentioned that OCTOBER can be tough for the markets, historically speaking. We have seen some pretty big crashes in October. Will we get the ICL then?  We'll have to be alert going forward to any signs of weakness as this unfolds. So some are long from the recent dcl, I am just helping my readers to see a reason to stay alert, and I will monitor it along the way.

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