Keeping an eye on the S&P drop

25 déc. 2018

• We're basically at the 50-month moving average
  
• We've broken the support that extends from the 2008 recovery
  
• If we break the 50-month, the next support is a volume support 10% below that. Assuming a 50-month moving average is a support.
  
• Another 6% below that, we have a 100-month moving average.
  
• Below that, a 28% drop to a volume support.
  

I'd like to buy back in on some strength. I don't think I can time it, so when I figure it's time I'll dump a set amount in every day / week.

I'll be watching the dow transports and industrials for confirmation. I'll want to see high volume on SPY.

25 déc. 2018

Note

Volume has been pretty tame. It has increased since september, but not as much as you might expect from a big selloff. The fear of a big drop with big volume keeps me out now.