A late day sell-off pushed the close down towards the middle of the range, and the whole candle traced inside last week's range, a sign of continued indecision:
For the SP500 2100 is the key support level to watch for signs of further weakening.
Cycle and technical analysis used to identify future Change in Trend (CIT) dates for the SPX and the major indices.
All rights reserved by the author. The material contained herein is original content and is the sole property of the author. Any commercial use or reproduction - either in part or whole - is strictly forbidden without the author's prior consent.
Disclaimer: The information provided here is for educational purposes only and does not constitute trading advice nor an invitation to buy or sell securities. The views are the personal views of the author. Before acting on any of the ideas expressed, the reader should seek professional advice to determine the suitability in view of his or her personal circumstances.