I hope everyone has a safe and relaxing weekend! :-)
SPX Daily
ES (Sep) Hourly
SPX closed under the 20day sma (92ish) for the first time in the last month. I'll be watching the futures hourly chart above pretty closely.... it appears the 86-92ish area is now potentially resistance. 68-72ish is the next level of support below. 72ish is the SPX 50day.
Rydex Bull Flow
Rydex Bear Flow
A couple of the indicators I like to keep an eye on through Sentimentrader.com is the Rydex Bull/Bear Flows. You can see the Bear Flow is flashing a bit of a warning sign here.... caution flag in my book for long trades.
