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CURRENT MARKET TREND: Up 5/27/16 @ 2090
Stop-loss 2026






Thursday, September 5, 2013

SP-500 Intra-Day Update

I am currently short via DIA puts but want to bring your attention to something on the SP-500 chart. The decline lasted around 18 trading days and the recovery has so far been 6 days. This isn't a very good time relationship for a correction so I've put an alternate count together that will make the correction last a bit longer in time and price.

Chart:

Keep in mind that I'm currently short and satisfied with that, this is simply something to watch out for at the moment. I'll add to the short position when we break some key levels that I'll post in the next update.

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