sp'60min
vix'60min
sp'weekly6
Summary
*I'll be looking for the weekly 'rainbow' candle to turn red by the Friday close... if so.. that'll offer either 1820... or the low 1750/25 zone by Oct'2nd.
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I was keeping a very open mind yesterday, but I did note the Transports last night.. in that it was argubly back-testing the broken rising trend. It would seem Trans' was warning that we maxed out... and we're now headed lower.
In the case of Trans, primary target is 7000... which is indeed a long ways lower.
*I am seeking to pick up at least one short position this afternoon. For now... I want to see a floor... and then a bounce into the 1-2pm time frame.
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time for an early lunch... back soon.