Usually when we get down to these levels we see a move in volatility. After the big moves in the markets this week I would expect to see some type of move here. Watching...
Nice break out move last week. I'm watching for consolidation and a range to form or a pull back move to the break out level. Will enter long on either of those scenarios.
I'm watching this 12 period moving average on the $SPX monthly chart. A close below will make me very cautious to bearish on the markets. If we can bounce off it, I'll continue looking for potential dip opportunities.
