CHARTS_CCI_SYSTEM

[euterpe1]

Hey Northram,

Today's trade was a day trade due to being waaaay outside the weekly SPX BB. I did the same thing with Rydex/Guggenheim funds at today's a.m. price. I closed half of those positions at the close as we are still well outside the weekly SPX lower BB,l but the severness of this downdraft gives on pause.

I began closing 401K longs in late August based on the $VIX and some negative divergences on the indexes. I wrote a post to Gleno that it's been a very long time since the spx touched the mid BB on the monthly chart. We're almost there. 1815 looks like a pivot area and we came really close to that today. 1905 is now resistance.