S&P-500

A high of 1404 Friday but we could not close over 1403. I have an SP-500 upside target of 1408 but 1403 may prove to be trouble. We did close over the T-Line and the 2ema has crossed the T-Line giving us a SWING LOW cross. Friday may have been a rest day, we will needed to wait for the market to show it’s hand on wheather it is going to hold the T-Line or take out the 1403 area and challenge the 1408 area. 

There is no doubt this is a traders market and you need to be ready to shift gears in a blink. In the Hit and Run Candlesticks Trading Room we constantly take profits to keep from getting caught holding the empty bag.