August option expiry has come and gone and the $SPX made a lower low on the weekly chart. The daily chart shows the broader based S&P 500 finishing the week under all of it’s moving averages. Ugly week for the bulls and yet the bears didn’t take the ball and run with it either. The September cycle is setting up to be a real sleeper, at least for the first few weeks, perhaps things will pick up post Labor Day.
Don’t forget that this coming Tuesday I’m doing a free webinar with TradeKing. I believe the event will be recorded and they will also have a pdf of the slides to download. Have a great weekend!