As you can see Price bounced right off the channel connecting the May 2011 top and the May 2015 top, with a parallel trendline drawn off of the 2011 lows. This should provide at least a short term tradeable low before the overall downtrend resumes. 

All,

It is with great sadness that I share with you the news that Dow Theory legend Richard Russell has passed away at the age of 91. Mr. Russell was an icon in the market newsletter writing business. He began publishing in 1958, making his letter the longest running newsletter written by a single person in the history of market newsletters. May his legacy live on forever.

R.I.P Richard Russell.

You can read a memorial published on his website by clicking the link below

http://dowtheoryletters.com/Content_Free/richard-russell-passes-at-91.aspx

Hello elliotw,

 Please check your private inbox.

Hello Everyone,

For those of you who attempted to utilize the new player feature on this weekend's commodity newsletter, there was an issue and it has now been fixed. Thanks for your patience. 

Congratulations Matt and family, many blessings. Olivia will be a big sister now. 

Regarding the Weekend Commodity Newsletter, 

there was a bug and the audio was not included, however it is now fixed.

We apologize for the inconvenience. 

Banning Short Selling would be a bad Idea IMO, because all short-sales must be covered. However, what would happen in the case of banning short selling, is that short sellers, would be replaced by outright sellers. This is another example of 'the road to hell is paved with good intentions'. Markets need to be allowed to breathe, markets expand and contract, ebb and flow, just like anything else in nature, and whenever governments or central banks get involved it only makes the ultimate outcome even worse. JMO. 

http://www.elliottwave.com/freeupdates/archives/2010/09/23/Ban-on-Short-Selling-Are-European-Market-Now-Safe.aspx#axzz3fQcDHja9

http://www.elliottwave.com/freeupdates/archives/2012/08/09/Do-Bans-on-Short-Selling-Work-See-for-Yourself.aspx#axzz3fQcDHja

Hello everyone, as you know, it's been a very choppy market this year, here's my free market newsletter with my thoughts - definitely some warning signs out there.

CLICK HERE   to view the newsletter. 

Here's tonight's newsletter, lots of trade ideas and educational discussion in this newsletter, so make sure to watch and listen!

CLICK HERE  to view the newsletter.

have a good evening and good trading!

Matt

Hello Everyone, 

I thought I would formally introduce myself. Some of you may already know me, my name is Chris, I am now working with Breakpoint Trades in Customer Support. I am here to help answer your questions. Please feel free to send any questions to support@breakpointtrades.com and we will be glad to assist you. 

Kind Regards,

Chris

Sue,

In order to see the emotion index, you need to click the link.

http://162.213.38.100/mcm/ticksES.htm?1425921433026

It's in the top right area of the chart. It's entitled, "eMOTION Index".

Chris

Yes dvandenbord, the SPY Pro Combined system closed out its SPY Pro and SPY Ver 2 portion, leaving only an 18% position for SPY RSI 2 remaining. Please see the table below:

                       SPY Pro                SPY Ver 2                          SPY RSI 2

1st Entry        40% ( closed)         18% (closed)                    18% - remains long  

2nd Entry        N/A                    12% (never entered)          12% (never entered)