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SPX - Whoa Nellie

Is that at cliff I see (on the daily). Easy girl. Easy. Back away from the cliff. Slowly. Slowly.

Weekly charts showing negative divergence. What do ya think Sundance? There's water at the bottom (support) but the fall alone could kill ya. Heads up.

Should know in the next 3 TD's.

I'm surprised KT didn't comment on the 7-10 move in the SPX late April. A little less than perfect (one day didn't quite fit the rule). Guess he was too busy sweatin' over Silver Apr 27/28/29 when it tried to stop him out. Luckily he has deep pockets with his entry short around 46 and his stop over 50 (that's the 7-10 rules, right KT?)

Unfortunately, not all of us have 20K to risk trading a single contract.

EA

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SPX - Whoa Nellie