2 Jul 2015 - Stagnant

The SPX has pushed up in the morning but was met with an equal push lower.  By the end of the day prices stayed stagnant, closing just a few pts. below yesterdays close.  The ST however has turned, and even if this is a signal of the rise, I am now looking for opportunity to enter short to the downside.  So far though since July 30th prices seem to be sporting corrective moves.

For prices to turn bullish the intra-day signals should stay above OB, with the daily signal pushing above the mid-line.  If prices push lower to OS or past the mid-line of the intra-day chart, this would be my indication to go short.

MT: DOWN
ST: UP
PA: NA

Monthly Chart Shows Possible Down Trend Beginning: (Possible months in duration)

Cycle Composition: (Possible chains to watch)