that a SELL OFF is IMMINENT
MONDAY's Reading calls for an INTENSE DAY
WE are EXPECTING A PIVOT LOW later this week from which a strong rebound can surge back to current levels if not a little higher by mid month- NOV 2015
what would be enough to change the PSYCHY to OVERSOLD??
A test of 2000 would seem proper
LAST WEEK-
WE SAW MANY ANALYSTS and LETTER writers SCREAMING for higher still and some posting targets of 2200-2300 by year end- NOW WATCH what they COME OUT with later this week when the SPX is appearing to FAIL at 2000-- WE will hear targets of 1700 then 1600, etc
THE BULLS COME OUT TO PLAY WHEN THE MKT IS RISING AND BEARISH projections are bounced out there by the SAME PEOPLE when the mkt is falling -
DONT FALL INTO THOSE TRAPS
BE AWARE & GET READY TO TRADE
more later
Jay
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