What Was That? Either the beginning of a Sept-Oct market massacre, or the cratering of a mild correction of an ongoing uptrend. The sweet spot for traders is that the market over the next few sessions will commit one way or the other. There are already set-ups developing on both sides of the Buy/Sell divide. The next few sessions will lead the way. Throw in the mix a three-day holiday weekend, the political uncertainty as the election takes over the news cycle, and of course, "Battery Day." Speaking of which, TSLA fell close to 10% today, which will set-up another System Buy Signal once this correction of a 300% run-up from the March lows plays itself out. VXX VXX is back to its highs of the day in after hours trading. TSLA - Fibonacci Retracement Levels With positive news coming in September, don't be surprised if 38.2% is never seen. But if it is, along with a System Buy Signal, a low risk entry for the next leg up.
