Yesterday was an inside day on the SPX chart and took off a little of the oversold pressure. We need to watch for follow through before deciding whether we are in for a sustained bounce. The Big Picture describes my market thoughts here .
I am not ready to go long yet and there are already several good short setups on the Setup Page so there will be no new additions to the watch list. There were no triggered trades on Monday.
As a reminder, my friend George Zimmerman will be doing a free class on using the Andrew’s Pitchforks on your charts. The class will be Wednesday after the close and is free. More info can be found here .
Good luck today.