9/20/2016

Other than biotech XBI / IBB, not much action. Another day more bearish than bullish; SPY again resistance on the SepS1 and giving back gains. Also, IWM could have held SepP but didn't.

Originally I thought we'd see more than -5% drop from SPX highs, but VIX forced me to be less bearish by holding 2HP & Q3P resistance. We'll see what happens. 

SPY & IWM below.