S&P 500 Analysis & ETF Trading

[kiy]

Rather TSI be first...
Given more time watching the TSI I plan to drop Slope...Slope has always been my last go to indicator...very seldom use it...other than looking at intermediate trend...and so far TSI and MACD are the easier to understand...

Nice Tick chart...TRIN was at and below 0.30 = way overbought...as the other technical indicator also confirm overbought...rather than make 1425 support Market is trying to say 1430 is support
..."a less than 10 points move either way does not define direction its what happens the next few points that gives "definition"...quote me here...

For those that have little understanding of the futures thought process...futures have a very long history of ignoring overbought and oversold=speculation and crowd behavior...aka...YoYo...kind of like the end of the world thinking of the Goldbugs the past 12hours of YoYo -20 to +20 range...Patience especially the first 1/2 hour of "real" trading verses speculating from overnight's emotional re-action to whatever (opinion and speculating is NEVER a good way of thinking or acting ...its a gamblers opinion... and the wrong way of thinking and acting)...You can quote me..."the tail does not wag the dog."
Listen to the signals...