Now What? SP500 Levels, Refreshed

Takeaway: Now What? Sometimes the answer to that question is another series of questions.

POSITIONS: none in Sector or US Equity Index ETFs

Now What? Sometimes the answer to that question is another series of questions.

Will we continue to make lower-highs? What if we make a higher-high on no-volume? What if Bernanke drives for Oil $150 and a Weimar #GrowthSlowing redo?

I don’t know. From a US Equity beta risk management perspective, all I can tell you is where I buy/cover and where I sell/short.

Across the core durations in our model, here are the lines that matter to me most: 

  1. Immediate-term TRADE overbought = 1419
  2. Immediate-term TRADE oversold = 1402
  3. Intermediate-term TREND support = 1389 

Simplicity born out of complexity.

The Fed, ECB, and their Bailout Beggars would have to embrace uncertainty before accepting how chaos theory drives our real-time decision making.

KM

Keith R. McCullough
Chief Executive Officer

Now What? SP500 Levels, Refreshed - SPX