The bears are pressing the tape lower today and we are approaching downside targets.
I am going to be taking the remainder of my short trade from 4550 off here.
There is support at 4410 and we are pretty close to touching that now.
There are some buy signals are showing up on the 60’s and this trade worked out as planned with yet another 150 point SPX trade.
If you would like to hold the trade and see if support fails, I would place my stop at 4460 and insure at least 100 point profit on the trade. -Gary Dean