TECHNICALS-SPX

Looks like we are at the high end of the SPX range which I define as 1235/1285 and I have no buy or sell signals, just closer to the top than the bottom. FWIW, I have no index longs but some QQQQ short.

VIX is a bit below the 10 day SMA of 14.69 and the 5 day RSI reading is 38, which is low but not quite a sell signal.

My guess is another rally into the fed and then the selloff as the bad is good turns into bad is not so good and the bulls ammo is spent and month end money is gone.

Here are some terrific links from Barry and Captain Kirk, and I especially recommend Van K's book, Trade Your Way to Financial Freedom.