New Sell Signal: CRUS: Buy Dec $35 Put For anyone who is having a challenging time trading this system please pay special attention to the charts below. Everything is about to change, especially for those who are taking the slimed down strategy of domestic and emerging market trading. You have waited too long for this opportunity to give it up now. Intraday charts, 180 minutes in particular are getting into these trades earlier, making the threshold profits earlier and then exiting awaiting the next signals earlier. If that is where need to go, in addition to the daily charts, so be it. Today was a perfect example. More to come. October is once again taking a lead role in market volatility. If nothing else it has given us a couple lines in the sand, one of which has already been broken across the board, the other of which is teetering basis today's market action, irrespective of the intraday reversal. Nasdaq 100 Two lines in the sand. First, the trend regression channel up from the December 2015 lows. That was broken in the second week of October. Next line is those lows made that second week win October. I've labeled them on these charts, Breaking below those lows is a bad omen for the market for at least the rest of 2018 and maybe all of 2019. Lower lows do make a trend. Lower long term lows make a long term trend. S&P 500 The S&P 500 low of early October was broken today. Whether or not it remains broken through the end of this week is key to the longer term analysis. We shall see soon enough. Russell 2000 Saving the "worse" for last, the broadest of these indexes, the Russell 2000, has been leading the market lower. It was first to break its trend channel (last week of September) and is clearly making new lows today. If its leadership to the downside is a precursor of what is to come, case closed.
