The New CS Board

[dww10063]

12 years of weekly SPX charts. As of right now we have a weekly sell signal as Wms%R going below 50. Spring/summer sell signals typically only go to mid BB40 in a generally uptrending market as recently, with occasional whipsaws along the way, so aggressive positioning either direction may be taking excessive risk until a more typical Sept-Oct bottom. I would add that stochastic Ws tend to be good buying opportunities off the bottom of the W but whipsaws can still happen. Usual interpretations apply and good luck trading, Don