Stock market action today was basically sideways but with a bias lower. I had expected some morning weakness but I felt that there was enough strength that the market could stay flat into the close. I was expecting more volatility as we get closer to Thursday. I was surprised at today’s action being quite so negative. While the drop today may seem mild, the S&P lost 8.02 point which basically wiped out Friday’s gain. This left the S&P back down below the 1956 support level. As explained intraday today, the 1956 support level has become a line of resistance which isn’t helping stocks that are trying to stabilize……the rest of this article is for FullyInformed USA Members.
I have moved the market direction outlook for Tuesday Sep 15 2015 to the members site in order to discuss key aspects on today’s action and what it is advising investors to prepare for. Tonight’s expanded Market Direction Outlook also discusses the ongoing Trade to try to profit from the expected Fed’s interest rate news on Thursday.
Members Only Market Direction Outlook for Sep 15 2015
The Market Direction Outlook notes for Sep 15 are for members for the reasons explained above. FullyInformed USA Members can read the latest Market Direction Outlook and review trade ideas directly through this link. Members can also sign in to the full USA site here. Non-members can join here or read about the benefits of a membership.
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