Friday, September 15, 2017

SPX Update: Keeping Things Short and Sour

Or is that "sweet and sour"? 

Short and sweet!  That's what it is, I think.

Nothing much happened since last update, and yet we're able to eliminate at least one potential pattern from the mix.  The reasoning for this is discussed on the chart below:

We're just going to limit it to that one chart today, because one is enough in a market like this.

Beyond the notes regarding the diagonal, there's pretty much nothing to add to last update, since SPX has traded in a tight range since then.  Hopefully more to add in the next update!  Until then, trade safe.

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