The indexes posted minimal gains on Tuesday despite the rebound from Monday's lows.
The lack of buyers today and the dead stop on S&P resistance suggests a lack of bullish conviction. Futures opened positive again at +3 but have declined into negative territory. We are already overly long in our positions and with futures dropping, I am not going to add any new plays tonight. There is no rush to add positions only to have them stopped out in an uncertain market.
NEW BULLISH Plays
No New Bullish Plays
NEW BEARISH Plays
No New Bearish Plays