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
Stochastics: Oversold
Divergences: No Divergences
Resistance Pivots: R1-3945 R2-3963 R3-3975
Support Pivots: S1-3933 S2-3920 S3-3901
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