This mornings low in the S+P 500 4134.49,
was just above the 4134.37 Sell Signal Trigger Point
that I have been writing to you about for days now.
The continual nature of the re-test and re-test of that support
speaks volumes about it's importance in S+P 500 trading.
The technical "expectation"
is that the more times a support level is tested,
the greater the probabilities and likelihood that it will eventually" fail."
Right now,
the market still lacks the downside "conviction" or volume
to break that important support level.
But give it time.
Even a one week play on Broadway, has to have a final closing night performance.
Play time will be over soon.
SPX NOON OPEN 4149.07
THE_UNWIND
WOODS OF CONNECTICUT
was just above the 4134.37 Sell Signal Trigger Point
that I have been writing to you about for days now.
The continual nature of the re-test and re-test of that support
speaks volumes about it's importance in S+P 500 trading.
The technical "expectation"
is that the more times a support level is tested,
the greater the probabilities and likelihood that it will eventually" fail."
Right now,
the market still lacks the downside "conviction" or volume
to break that important support level.
But give it time.
Even a one week play on Broadway, has to have a final closing night performance.
Play time will be over soon.
SPX NOON OPEN 4149.07
THE_UNWIND
WOODS OF CONNECTICUT