8/29/2017

I must admit at the time of last writing thought market was likely moving towards a -5-6% drop on SPX. Somehow VIX fell back under critical level 12.23, and both DIA and QQQ had impressive holds of their AugPs. 

Meanwhile, GLD saw selling from its near tag of YR1 as daily RSI reached overbought. Willing to give this a bit more room due to great entry from 7/11, but more recent adds on GDX and perhaps SLV are a tougher call.

ES had healthy rally up from the 4th test of AugS1 this month back to near the AugP. ES 2451 and SPX 2454 still the levels to watch.

SPX, ES, GLD, VIX below.

29 1 SPX D.png
29 3 GLD D.png