On 12/20/16 the SPX hit the shorting target zone about 15 minutes after the open.
Because the DJIA did not reach 20,000 and was very close at the close on 12/20/16 there is a good chance it could hit that level today. If so the SPX could rally back up to the 12/20 high or a little above. I still think the SPX will hold below 2277.50, if it does exceed that level the stop loss for shorting SPX is 2285.93.
Mark
Because the DJIA did not reach 20,000 and was very close at the close on 12/20/16 there is a good chance it could hit that level today. If so the SPX could rally back up to the 12/20 high or a little above. I still think the SPX will hold below 2277.50, if it does exceed that level the stop loss for shorting SPX is 2285.93.
Mark