One of my simple rules is to shut down when the Primary Trend flips which is it very close to doing now. There was similar action a year ago where the PT was is the green zone but vacillating. Currently the wavering depicted on the graph has me very cautious here.
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| Primary Indicator |
Two things I was watching coming into this week was HV and the trajectory of the differential between the 15 and 30 period moving average. HV has declined this week and the 15/30 has peaked and is deceleration. While I view declining volatility as a plus, at the same time this move is either resting, or stalling out. I don't see an edge for me regardless so I'll be sidelined for the rest of the week.
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| SPX |
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