The S&P 500 is close to bottoming for 2018

SPX touch of 2591-2600 is within reason based on current modeling

 

Uh huh. I love the story where you lost 70 ES in three hours on Volente's Bar and Grill. That was awesome.

 

lol objective 2 is discarded as it's also a paper target on a paper trade.

 

10% correction this far , not even as deep as feb yet . 200ma is history now . Dont think we are done

 

The secondary indicies have just been relentless selling since September. Russell 2000 barely blinked at the 200ma, broke the trendline from 2016 with ease. New York Composite same thing (also never got back to January highs).

 

SPX breaking all kinds of support, real and imaginary. Let's see what it does at double bottom trendline. Thursdays in a downtrend often are rally days. Whether it does or another day I expect another dead cat bounce at some point.

 

I see it crossing under. We are not done yet. Still sitting on cash waiting.

 

Most certainly hanging around at support

 

it is meaningless for a trader to guess the botton or top, every thing will be OK, if you put yourself in a safe situation

 

And safe right now is short. Reminder we are talking about traders. Not hodlers.