There are big natural resting stops below these #’s in the Indices…Keep them in front of you.
There is a huge end game setting up for the end of the qtr. ( this months close). A close under 1249 in SEP S&P 2192 Nasd ( Sep), 76940 Russell, 89840 Midcap would signal the start of a more serious down. So yes we lightened up, but the big game is not until month end. The following are a few instruments with similar patterns unfolding: PAAS (30.66), Cat (92.30), DE (81.80), SLW (28.85). Closing under these levels are outside reversal patterns to the downside. Price negative patterns. While XOM, CVX have qtrly double tops.
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