September 1 2015
As mentioned yesterday, the SPX has broken below to the downside of the trading range. Things may start to get ugly here and a good time to start shorting stocks again.
After a big fall the last two weeks, we see a rebound in the stock market. Whether the rebound is the start of the next bull move is in question as SPX is still below its 200 MA. If the rally continues we expect resistance around 2060 to 2100.