Market has opened weak, with the Dow off 83 and the SPX off 7.57 as this is written. All of the major indexes are off, the Bond market is up, Dollar is up, and Gold and Silver is up. Looks like a move to safety is back on.. or another way to say the "Risk Off" trade is back on.
We are very close to Momentum Change signals in the SPY and in the XLF. At 10:15am the market is rallying a little after the hard down open.......... if the market stays weak for the day, we will have a sell signal in the SPY and the XLF before the close.
Be ready for a trading signal after 3:30pm
Best to your trading!
Bill
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