I didn't have a chance to put a blog up on charts yesterday because I'm on vacation in AZ with my parents and we spent yesterday looking at investment real estate, which still looks over priced.
$SPX: On Monday, the market tested the 1,183 area, which is the 50% retracement level and the middle pitchfork.
$SPX 60 Minute: Here's a larger pitchfork and again price is testing key support. It's hard to tell if we need a little more downside or not, but the 61% retracement level is right there!
$SPX Daily: BBs are still widening and today's price makes the down move look unfished.
My Watch List: No charts, I'm on vacation and really don't have the time to review charts.
From My Trading Desk: Monday we closed shorts on GOLD and M for nice gains. Tuesday we took fractional shorts on DECK and AZO.
I'm still keeping it small.
J.D. Rosendahl, Rosey