Hey Guys,
The market is hanging out in the same vicinity that it was in yesterday. The S&P 500 is around 3,600.
Here is a chart that shows the MES futures (which are correlated with the S&P 500):
The low of the year was established on October 3. After that low was established, the price went up sharply and then came right back down to that prior low level again.
Notice that so far, though, the price has not broken through that level despite being in the vicinity all week. Perhaps that prior low is providing some form of support right now. Only time will tell.
I haven't picked up any new trades yet today. One ticker from the watch list (AU) came within 3 cents of reaching my entry price, but then it turned and went up. Maybe we'll get some action on that ticker later this week.
If you have any questions or feedback, I'd love to hear from you.