Sometimes you do not need any special chart indicator to show you volatility. The past 6 trading days the swings from high to low of the day have been enormous compared to the last 3 weeks prior. Look at the length of those days. So something is up and a break higher or lower is coming. The hold and sell warning is still in effect for the S&P 500 because price is below the CBL and 50 day ma.
The Small Cap was very quiet compared to the S&P 500. Basically a sideways move all week. No change from last week.
Bonds also had a very quiet week with no change.
The International Index looked as if it was setup to make a move to the upside. Once it reached that overhead resistance at $60.17, it has been a downhill slide ever since. This is very discouraging. Friday the I-fund fired a sell signal that has to be confirmed Monday. Price has to recover above $57.74 in order to cancel this. I’m not a happy puppy about this because without being in the I-fund, I would have squeak out a gain for the week. This is just a daily sell. The Weekly is a buy and the Monthly would be a sell if this was the end of the month.
Conclusion: We need a positive week next week or the month of September might turn into a disaster like September 2015.
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