Friday, September 16, 2016

MTU Weekend Ed. - Sandwiched (9/16/16)

SPX is sandwiched between existing support and emerging resistance (Chart 1, red lines) with unfilled gaps above and below (Chart 2).

This past Wednesday's low could signal the end of the current pullback (or this first leg of the pullback) (Chart 3 green), but there exist numerous short term options (Chart 3 red, blue, Chart 2 red blue) and SPX is yet to deliver higher highs. 


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