Keeping an eye on the S&P drop

• We're basically at the 50-month moving average
  
• We've broken the support that extends from the 2008 recovery
  
• If we break the 50-month, the next support is a volume support 10% below that. Assuming a 50-month moving average is a support.
  
• Another 6% below that, we have a 100-month moving average.
  
• Below that, a 28% drop to a volume support.
  

I'd like to buy back in on some strength. I don't think I can time it, so when I figure it's time I'll dump a set amount in every day / week.

I'll be watching the dow transports and industrials for confirmation. I'll want to see high volume on SPY.

コメント:

Volume has been pretty tame. It has increased since september, but not as much as you might expect from a big selloff. The fear of a big drop with big volume keeps me out now.