... or just the calm before triple witching?
The cash S&P500 index traced out a very weak inside (higher low and lower high) bar on Thursday. Movement was not enough to change the current price pulse direction; which is down from Monday’s high. To this point there has not been much of a follow-through off of Wednesday’s low, it is more like hesitation and indecisiveness. Could this little stutter step be all the bounce we get? I believe we are running out of time. Any bounce should complete today. I will keep my stop on the open SH trade at 57.34.
Not much new to add. My look at the new weekly chart will be posted over the weekend. Have a great day.
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