.SPX: Take a Very Cautious Stance on the Market
1.
$S&P 500(.SPX)$ All day long. Below 6652, above 6652, below 6652, above 6652. Currently 6654 at time of post
19 minutes left in session.
For me the session close particularly important being that Friday flashed all three risk-off criteria.
A close below confirms it and I take a very cautious stance on the market.
Close above and the melt-up narrative can live another day.
2.
6654 - may the melt-up live on for another day.
This session close makes for a missed confirmation signal, and second false alarm this year (last one Aug 1) in my system
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