SPX -- Trade Plan for 04-13-2016

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SPX tags the underside of the larger trend channel in an over-extended momentum squeeze.. profit taking is in order..

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ملاحظة

Clearly, the market (whoever that is) has intentions that run counter intuitive to mine, and is possibly intent on milking vast options expiry positions for as much as possible leading into the weekend. This predicates more sideways chop that neither serves long term bull or bears, only short term scalping.

My outlook is genuinely bearish, however, I am personally reassessing on a minute/hour/day basis to protect my vested interest. Not a recommendation to buy or sell... stay nimble, and trade your plan carefully, IMO.