Market Commentary

The S&P is in a peak to trough sell-off of about 5%. The sell warning came in from TradeTrend on September 7th, two days after the all-time S&P high of 4545.85. There is currently an open sell signal on the S&P. As the market trails the lower Bollinger Band, we want to keep an eye out for a Buy signal off of this lower band, with a target rebound price of 440 on the SPY.