S&P 500 is at or close to a Major Bottom..

OANDA:SPX500USD   S&P 500 Index
When the Squeeze momentum starts to get into the negative 20 to 30 range, a major low in the $SPX -3.09% presents itself. There could be a quick plunge down to 2575-2625 area but personally I have already started to scale into longs and will keep on adding on each 0.25% lower.


+1 ESZ18 @ 2675.00 ; STP 2649.25
kaotic363 kaotic363
@kaotic363, Stopped out on the ESZ18 but have re-entered using the Russell 2000 (RTYZ18) which has held its low from the 24th along with the DJIA. This could be a divergence. US equities look to open lower today but strong suspicion is that they will be bought on the open. As long as SPX cash holds 2650 on a closing basis, then signs of a major rebound are still there.
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