Sold final 6% SDS 29.84. Covered 1% DJ futures 10,682. Today is I1 bottom day and is not a potential double-bottom.
I1 9/1=2.528 9/2=2.507 close enough for double-bottom
SPX 9/1 1080.29
That's the bottom call.
Here is the top call.
I1 9/10=3.249 9/13=3.215 close enough for double-top.
SPX 9/13 1121.90 Basel released over the weekend leading into Monday. A game-changer.
SPX 2pm today?
Figure the percentage and tell me if I1 did not stop this market in it's tracks.
It looks like the downside action in the stock market turned the tide for the dollar and invalidated the final low for the extension. I will use a moving average of UUP to re-enter.
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