Hello Everyone,
Thursday Comments:
Wild session today with the major indices all gapping down before staging a late session reversal from deeply oversold readings. The SPX moved down to test a confluence of support around 3900 (June-July trendline and the .618 Fib Retrace). The VIX buy signal from yesterday was confirmed today and the SPX also closed back above it's lower BB. With all that said, I will continue to trade level to level within the current backdrop.
Please take a moment to look at the trade ideas.
