Tuesday was challenging with the major indexes struggling at resistance. Monday's rally had only very minor follow through and mostly on the Nasdaq. Critical resistance levels continued to maintain their gravitational pull on prices. The Dow could not close over 26,191 on two consecutive days. The S&P could not push over January 2018 resistance at 2,672. The Russell Only lost 3 points and that is actually a positive for market sentiment. We are likely to continue testing resistance until another catalyst appears to push us higher.
Stop Loss Updates
Check the graphic below for any new stop losses in bright yellow.
We need to always be prepared for an unexpected decline.
Check the graphic below for any profit stops in green.
We need to always be prepared for a profit exit at resistance.
Current Position Changes
Full updates on all plays on Wednesday and Saturday. Only closed plays are updated on other days.
BULLISH Play Updates
No Updates to Current Positions
BEARISH Play Updates
No Current Puts