Quick Notes: Sloppy and choppy market action of late with most stocks trading under supply(where they get rejected). Today we saw very poor breadth with a only a few big cap techs able to buck the trend. For the SPX, the support levels I posted and discussed over the weekend remain the key pivot points. Overall charts setups remain depressing - simply not seeing much. With that said, we did catch a decent long last Thursday and some nice short setups over the weekend
along with IWM short via TZA.
Please take a moment to look at the trade ideas.