Well it looks like we got a test and a close below 1433 on the S&P500. Â My model didnâ€™t issue any BUY signals today and most likely it wonâ€™t as volatility is growing like a football player on steroids. Â
Iâ€™m a bit worried if market action follows through to the downside tomorrow as the next stop on this downward move will likely be a test of the February low of 1399.
/o:pAny close below that level could spell a major correction to some unknown level and lots of panic everywhere. Â Iâ€™ll be a buyer then but in the meantime I’m sitting tight.
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