Hello Everyone,
Quick Notes: All the major indices closed lower again today with the small caps (IWM) falling the most. The SPX closed just above it's 50 day MA (and near its .618 Fib) while the QQQ closed a hair above its 20 day MA. The VIX closed higher but we've yet to see a spike and close above its upper BB. As stated last week, the onus here remains on the bulls. We could see a snapback rally at anytime with certain oversold conditions. Thus far September has followed seasonal tendencies with prices retracing somewhat. Continue to trade what's in front of you. Most importantly, one should have a plan in place and execute upon that PLAN versus trying to predict day to day movements. That's what you can control
Please take a moment to look at the trade ideas.
