Hey guys, it’s back up now and should be stable from here on out, however the process wasn’t that smooth. I have a lot of stuff to clean up internally so posting will be light probably through the weekend. If anything significant occurs I’ll be sure to do a blog post and I may even do a video later tonight or I’ll wait until Friday to wrap up the week.
I haven’t seen anything that’s going to stop this market from getting down to the 9600 area, at the very minimum. Momentum remains with the bears and should stay that way for awhile. I’ve taken about 2/3 of my profit and I’ll let the rest ride until we get some type of washout to the downside, churning, or a reversal on my signal.
Just to recap my signal went bearish on August 9th, so that was the last day for you guys to get short or at the very least move to the sidelines for safety. Yesterday was only 87% downside volume pressure, so the fear just isn’t in the market at all.
