A lot of traders I know were thinking that a low on Monday would be it and then off to the races. I was in that camp too. The problem is the rising wedge was never broken. So what now? Pretty much the same for the SPX and GDX: another strong rise on Wednesday followed by even more severe selling toward the week's end. I'm thinking more like the SPX 2045 area by Sept 16-19.
We are adding auto-trading with Global Auto Trading next week. We also added two new alerts: Volatility with UVXY and SVXY, and Options Trading that trades SPY, GDX and UVXY/SVXY puts and calls. We are also adding webinar training for those new to trading.
Also coming soon are FREE webinars explaining the benefits of joining our group followed by a week's worth of tire kickin' to try out the service. Check out our September 2016 trades so far. Get ready, big moves a comin' soon! Sign up for our free e-mail updates at blustarmarkettimer.info
Brad Gudgeon, editor and author of the BluStar Market Timer, is a market veteran of over 30 years. The subscription website is www.blustarmarkettimer.info