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Wednesday, September 6, 2017

Market Update 9/6/2017

Got our sell-off as predicted in the last update, and even nailed the timeline, "Technical Tuesday".

The $VIX spiked, taking out resistance on the 5 min chart, before reversing.

Not sure if the market is going to trade in a range, or if this is the beginning of a larger correction, but for now you have to assume it's going to trade the range we've been watching for the past several weeks.

Levels to watch are the 50 day ma on the Dow (21725), "" $SPX 2458, and $VIX 13 (resistance).

Resistance on the $SPX looks like 2470 - 2474.

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