Thursday, September 4, 2014

9-4-2014 SPX

Different Month, Same Chart?

So we didn't get the strong week I was expecting, more like every new high made in the ES futures was faded in the cash.  Looks bearish, feels bearish.

Here's a scenerio I'm tinkering with and will modify as price action determines it should be modified.  I'm currently seeing a very similar overall pattern to the Q1 pattern, and will play it accordingly until something invalidates that structure.