8/16/2016

Hope I just didn't miss the high by waiting for INDU to tag its YR1 - that was just 59 Dow cash points on Monday, or .32%. Sigh. 

SPY and ES1 YR1s back in play. If they break, then it could look like an exhuberant overshoot by a handful of days; kind of like 2/8-11 reverse. But if it holds again, then I'll still watch for a move to the INDU set YR1 as originally planned. 

Safe haven TLT lower; GLD closed fractionally above its AugP but dropping after hours; VIX still below AugP but XIV some rejection of AugR1. So market not screaming sell here. 

Kinda funny to see all that red and oil up... since oil was blamed for all the stock declines in the first half. 

SPX set below. Watch those YR1s on SPY and ES1.