Posted on Aug 31 2015 - 10:49pm by Sharpe Trade

This is our line in the sand ladies and gentleman.

The region of 1921, 1921.50 or so on the September e-mini S&P 500 Index Futures.

If we have experience a one hour close below 1921?  I will look first to momentum, and if she is giving me the all-clear?  I will run for the hills and abandon my bullish bent, as if it never existed.  I will turn traitor on the bulls on a dime, and decry their foolishness for believing in this rally at all.

I am no perma-bull.

I am no perma-bear.

I am a trader.  Thus, I follow price.  And at the moment?  The price to watch is 1921 …

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