Yesterday gave us a nice down day and I recommended taking some/all of the 4012 short entry off the table, being we are in sloppy/choppy trade mode now.
We did get 100spx on the trade and that is exactly what we were looking for in trade mode.
This morning, futures are rallying nicely, but I am not seeing buy signals yet.
That is SUGGESTING we may see another lower low here which should set up buy signals and I will have no problem looking long then.
For now, remain open-minded on the direction. -Gary Dean
SPX Hourly Technicals
Divergences: No Divergences
Resistance Pivots: R1-3945 R2-3963 R3-3975
Support Pivots: S1-3933 S2-3920 S3-3901
Extreme Investor Network has partnered with sentimenttiming.com to bring you stock Market Trading Advantages.
Want to know exactly when the next turn dates are weeks in advance–try our premium service for 2 weeks free (it moves to $149.99 per month once the trial ends) Use coupon code: 2 weeks Subscribe Now (If you have ANY issues subscribing, please email me at [email protected] and I will fix the issue. Gary Dean -)