Here comes 200DMA in SPX,

Price action is still bearish. All rallies are just noise and CNBC will try to pin each move with a headline. No one sees this a normal retraction of markets. Folks have only one thig in mind..markets have to keep going up forever and never should even pullback. We are up 350% since 09 lows and up 16% ytd. Irrational exuberance imo.

WW ..nice short pattern

Feels like a bull trap....

GTHX, LB, CHWY, CREE, FE, WW bearish

look at HA..bull flag break

Also notice Transports to Dow jones All indicies are just 2 or 3% from all time highs but ITR trading close to Aug lows. Markets are very good at sucking people into it at the extremes. Make people buy at the top and short in the hole. 

You are correct. There was huge disconnect in the market and my guess is todays move was just a dead cat bounce. Bonds rallied, yieds dropped, yet xlf and kbe traded up. Oil went down after initial pop,  yet XOM closed up. Summation index was -1311 compared to yesterdays -1265.  With the move today, I would have expected Summation Index to have turned more positive.  I would expect us to probably retest the lows we made last week and probably test SPX 200DMA. 

Low risk short entry area..ES at 61.8 Fibb level. risk 1 to make 10

Would have expected TRIN to be above 2 in this weak tap..but its only 1.04.

A 1.4 on a Put/call ratio will setup for a nice bounce tomorrow.

in a weak tape, Roku makes intraday highs

ROKU..green on a bearish day

SNAP tgt 18.20

SNAP nice break

Good trades. The only thing that I had issue was at one time one of the systems gave a short signal. But that short was ignored. How do you decide which signals to take and which one to ignore? I thought as a systems trade one would take every trade a system would trigger?

Im expecting lower move.