I've devised an indicator I call Range-Movement, which I say Range-Move and shorten to RgMov on the chart below. It measures the way the market is moving and compares ranges to ranges, side-by-side. It also gives very interesting indications of TREND and sometimes more importantly it shows the level of "psychology" in the market.
Oddly enough, all of these 5 signals allows the market to fall a little in the current month (September 2015), but then rebound in the next two months into November.
So, we can say with decent probability that we can rebound after this month but sorry to say that we can decline this month too. At the end of September we can look for a bounce since in each occasion there is a bounce after the next month ends.
The way to trade it is to buy the end of September, and then hold for 2 months. Then trade the breakout of Novembers range. Buy a new high over Nov's range or sell short a break down through Nov's low.
The average winning trade here is quite sizable:
1a. Sold 459, covered 476. 4% loss.
1b. Buying over 3rd month high gets you long in March 1995 for the market. 100%+++ gain.
2. Sell short under 3rd month low gets you short for a major market into 2003 = 38% gain.
3. Sell short under 3rd month low gets you short for a major market into 2009 = 45%+ gain.
4. Sell short under 3rd month low (November 2015)....
So, sorry for the "heads up" this early. But just wanted you to see what patterns the market is revealing to me.