New Trades for Friday CRUS Sell Signal: Buy Sep $35 Put (1.45-1.60) ----------------------------- Next Wednesday is July 4th. Normally I would expect trading to be light all week, but global financial markets are open and with the tendency of our markets to be affected by foreign markets we still need to be paying attention. Big Picture Update The chart below is of the S&P 500, with an up channel from the April low through Thursday's close. Price touched the lower trend line yesterday, but found support and finished back in the channel. That's three successful tests. If that lower trend line is breached convincingly, expect the April, then February lows to be tested. Next Update Saturday: Weekend Review with Updated Trading Table.
