09/22/2016: Markets bounced up more today to re-test the 2194 Highs of August for the S&P 500.
If the current bounce off Support does not blow thru the August highs, the Markets could be in trouble.
We captured more gains today:
Stopped out of EWZ at $34.50 for 5.6% GAIN.
Stopped out of CDE at $13.10 for 5.4% GAIN.
Stopped out of PE at $32.27 for -2.1% LOSS.
Most Leading Funds are in the RED ZONES.
Wait for Money Wave Buys soon, coming out of the Green Zones. We will email you for timing.
Charts for Leaders Watch List Page
Alert! Market Risk Medium (RED Zone). The probability of successful Short Term Trades is lower, when the S&P 500 is Way Above the Green Line. Even the Strongest Funds can get chopped up. Either take quick gains from Money Wave Pops, or STAY IN CASH & WAIT for a larger correction.
