elp

SPX - EMBRACE THE CHOP

FX:SPX500   S&P 500 index of US listed shares
79 1 4
The summer trend this year is to make a low by mid month then rally into the 20-21 of the month, sell off. Until the spx             breaks out of resistance, or breaks down through support, the spx             will continue to stay choppy this summer.

For the last 4 weeks the es has been making an alternating up a week and down a week . With the 2015 summer chop in full swing I don't see why this pattern will not continue until it stops.
snapshot


If the spx             follows the summer pattern would look to long @ august lows into the end of next week. Probably am 100% wrong so will use a stop in case I am batshit crazy which I most likely am. If at the end of next week and the spx             is back up to resistance would look to short and trade the range until it stops.
BrianGoldman
a year ago
So far so good.
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