The SP500 Wedge Break Signal has NOT been reversed….not YET

The close today at 1242.87 for the SP500 brings us to a point that is still below the high for yesterday. That is not enough to void the market timing sell signal from yesterday. What that would take would be a close AT LEAST above yesterday’s high if not a fresh new high above 1246.73. Until that happens, the sell signal I discussed over the weekend and last night is still an issue for the SP500.

Have a good one (have to stay “generic” in my closing because it’s the am for my Australian and Chinese readers and night for us on the Suncoast of Florida!),

David

P.S. Don’t feel too bad. It’s only 55 degrees F here tonight!

Standard Disclaimer: Remember, it’s your money and your decision as to how to invest it.

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