Another long day, so I will keep it brief.
$SPX 15 Minute: The market was able to over come a little pull back today, and we have minor resistance over head.
$SPX 60 Minute: We back tested the 1,232 level with today's pull back. Notice the first red box, price pulled back a couple of times after a big move up, and before the next leg higher. We might be doing that again in the second red box.
$SPX Daily: This is the chart I like most for this index. We should test the red downtrend line and the 200 day MA in the coming days. A break above that and that opens the door for a test of the middle pitchfork and the black down trend line. I still like where they cross as a potential turning point.
My Watch List: It's still the same longs as yesterday.
From My Trading Desk: We had a handful of fractional longs going, so I closed two (XOM and MOS) for small gains. We did buy a fractional long on TBT.
I'm still trying to keep it small and nimble because we are coiling in No Man's Land, and that carries some risk.
Happy Trading.
J.D. Rosendahl, Rosey