$SPX Drop, Test, Drop.

$SPX Drop, Test, Drop. This is why I sold yesterday. There is no question that some damage has been done to the chart from Friday’s action. Now we need to suck in some Schiffbot shorts. BUT! We also need to start seeing some data improve as well. We are near 2013 lows on just about every chart. For now I will wait to see a test the lows and see how things look than.

While it’s always darkest before dawn, Yes! but we must be aware of these charts. I don’t need to be the hero near all time highs. My main goal is to run a profitable portfolio.


Author Jim Boukis