As we head into the close, volatility (VIX) has broken my intermediate support line of 58.61, and is trading under the 55 line (-8% on the day). The paint on our S&P500 trading lines (see chart) really hasn’t changed much. My S&P500 trading range is narrowing – that’s also a bullish signal. As we get closer to SPX 997, I make sales. Here are my refreshed levels:
BUY in size = 843
BUY more if support holds = 920
Sell the “Trade” = 997
My name is Keith McCullough, and I support this message.