Friday, August 18, 2017 12:57 PM EDT
The S&P futures top ticked on 8/8 @ 2488. Since then we had a 2-day pullback to a 2436 low.
A lower high @ 2473.70 on 8/16. Then we had the large sell-off yesterday and early weakness today to bottom @ 2420.
A 62 handle move lower since the 8/8 high.
Buy to rumor and SELL THE NEWS?
Our first bounce level @ 2436.10, 2446 and our short term selling zone @ 2454-2462
We now have domestic terrorism, global terrorism, and now White House staffing drive the “markets”. If Bannon stays or goes, the market will roll back down. I would look to be SCALED seller into this bounce.
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