SP500 Levels Into The Close: Bearish Paint Remains

Both the “Trend” (intermediate term) and “Trade” (immediate) are painted bear red on our SPX lines right now. All up moves are to be sold, until we wash out more of the excess that remains from the free bananas monkey Monday rally.

Short Stocks for the “Trade” = 988.07
Cover/Buy for the “Trade” = 866.28

These prices are using a model SPX level of 945.
KM