Market Structure: Improving

As you can see from the picture below. The SPX structure improved yesterday.  Historically, once uncertainty is reduced the market usually  move to the next resistance area. 

My opinion is that we are right at resistance.  If Bears were correct on the last liquidation. We are right on the spot where selling can resume. 

PE Ratio on daily charts will need to move higher and PE Ratio on the quarterly chart will follow or the quarterly chart high area will stay in place for the rest of 2018

Market Structure: Improving #SPX Historically, once uncertainty is reduced the market usually move to the next resistance area. @randbots @prrobbins @JoeDubyk @jomama_trades pic.twitter.com/nJ6PkZKg1V

— Mario Randholm (@MarioRandholm) November 8, 2018

Currently my models are neutral to long, I have been reducing market exposure at current levels.  R Option Model

This is how sometimes day traders can make 8k in a few hours. It is really difficult. The hard part is to manage the risk and emotions on the negative days. @MarioRandholm @PeterReznicek @tictoc @Refinitiv @FT71_Alerts pic.twitter.com/4JOtK0OvC4

— RandBots (@randbots) November 7, 2018