For Thursday, August 22nd

The September SP Futures

The main model is currently short the SP as of August 9th at 1689.50...

With a closing price today at 1636.70, we're looking pretty smart right now...

For Thursday, a close above 1654.20 would confirm a new main model buy signal...

You may remember the most recent sell spike a few days ago which occurred after the market had already decline... well, now we know what that spike was telling us... see the NT indicator as of today's close... frankly, if this market doesn't turn higher soon, then I suspect we could see an accelerated and dramatic decline from here...

The following is the current downside VP list for the SP:

minor - - 1667.30 (already reached)

minor - - 1662.20 (already reached)

MAJOR - - 1642.50 (already reached) and must close above that price on Friday, August 23rd to confirm a new main model buy signal...

minor - - 1601.80

MAJOR - - 1559.10 and must close above that price on Monday, September 23rd to confirm a new main model buy signal...

minor - - 1541.70

MAJOR - - 1476.40 and must close above that price on Wednesday, October 23rd to confirm a new main model buy signal...

For now, the main model remains short the SP...

The December Gold futures

The the main model is currently long gold as of August 8th at 1306.40...

For Thursday, a close below 1365.70 (again, same price as yesterday) in the December gold contract would confirm a new main model sell signal...

The following are the current upside VPs for December gold:

minor - - 1355.40

MAJOR - - 1356.40 (already reached) and must close below that price on Tuesday, September 3rd to confirm a new main model sell signal...

MAJOR - - 1387.80 and must close below that price on Monday, September 23rd to confirm a new main model sell signal...

minor - - 1414.00

minor - - 1441.90

MAJOR - - 1502.20 and must close below that price on Friday, November 29th to confirm a new main model sell signal...

MAJOR - - 1544.90 and must close below that price on Monday, December 16th to confirm a new main model sell signal...

As for now, the main model remains long gold...

The email SUGGESTION BOX is always open and invites your ideas for improving and enhancing your email service, I enjoy hearing from you, many thanks...

NOTICE: I SEND OUT AN EMAIL EVERY WEEKDAY EVENING, IF YOU DO NOT RECEIVE ONE, PLEASE LET ME KNOW, THANKS...

For Wednesday, August 21st

The September SP Futures

The main model is currently short the SP as of August 9th at 1689.50...

For Wednesday, a close above 1666.90 would confirm a new main model buy signal...

Today, the NT indicator continued lower today even as the market worked higher, and is beginning to enter oversold territory...

Below is a daily chart of the SP futures... with traditional analysis, you can se how the market appears to have returned to test the breakout level right at the main model's major downside VP of 1642.50... if the rally continues tomorrow, then we may see a buy signal some time later this week... a close on Friday above 1642.50 would confirm a main model buy signal, so all this market has to do is tread water for a few more days... the question is can it do it? If this market again revisits the 1642.50 VP, then we could expect to see another leg lower from there...

The following is the current downside VP list for the SP:

minor - - 1667.30 (already reached)

minor - - 1662.20 (already reached)

MAJOR - - 1642.50 (already reached) and must close above that price on Friday, August 23rd to confirm a new main model buy signal...

minor - - 1601.80

MAJOR - - 1559.10 and must close above that price on Monday, September 23rd to confirm a new main model buy signal...

minor - - 1541.70

MAJOR - - 1476.40 and must close above that price on Wednesday, October 23rd to confirm a new main model buy signal...

For now, the main model remains short the SP...

The December Gold futures

The the main model is currently long gold as of August 8th at 1306.40...

For Wednesday, a close below 1365.70 (same price as yesterday) in the December gold contract would confirm a new main model sell signal...

The following are the current upside VPs for December gold:

minor - - 1355.40

MAJOR - - 1356.40 (already reached) and must close below that price on Tuesday, September 3rd to confirm a new main model sell signal...

MAJOR - - 1387.80 and must close below that price on Monday, September 23rd to confirm a new main model sell signal...

minor - - 1414.00

minor - - 1441.90

MAJOR - - 1502.20 and must close below that price on Friday, November 29th to confirm a new main model sell signal...

MAJOR - - 1544.90 and must close below that price on Monday, December 16th to confirm a new main model sell signal...

As for now, the main model remains long gold...

The email SUGGESTION BOX is always open and invites your ideas for improving and enhancing your email service, I enjoy hearing from you, many thanks...

NOTICE: I SEND OUT AN EMAIL EVERY WEEKDAY EVENING, IF YOU DO NOT RECEIVE ONE, PLEASE LET ME KNOW, THANKS...

For Tuesday, August 20th

The September SP Futures

The main model is currently short the SP as of August 9th at 1689.50...

For Tuesday, a close above 1674.50 would confirm a new main model buy signal...

Today, the NT indicator has given a sell spike... the unusual thing about this particular sell spike is that it occurs AFTER an already deep decline... there's no telling what this suggests...

Also, today's market reached the major VP at 1643.20, the low of the day was 1643.00, so we could see a possible 10 SP point bounce here, or maybe even a turn around...

The following is the current downside VP list for the SP:

minor - - 1667.30 (already reached)

minor - - 1662.20 (already reached)

MAJOR - - 1653.20 (already reached) and must close above that price on Friday, August 23rd to confirm a new main model buy signal...

MAJOR - - 1643.20 and must close above that price on Wednesday, August 21st to confirm a new main model buy signal...

minor - - 1601.80

MAJOR - - 1559.10 and must close above that price on Monday, September 23rd to confirm a new main model buy signal...
minor - - 1541.70
MAJOR - - 1476.40 and must close above that price on Wednesday, October 23rd to confirm a new main model buy signal...

For now, the main model remains short the SP...

The December Gold futures
The the main model is currently long gold as of August 8th at 1306.40...

For Tuesday, a close below 1365.70 in the December gold contract would confirm a new main model sell signal...
The following are the current upside VPs for December gold:

minor - - 1355.40

MAJOR - - 1356.40 (already reached) and must close below that price on Tuesday, September 3rd to confirm a new main model sell signal...

MAJOR - - 1387.80 and must close below that price on Monday, September 23rd to confirm a new main model sell signal...

minor - - 1414.00

minor - - 1441.90

MAJOR - - 1502.20 and must close below that price on Friday, November 29th to confirm a new main model sell signal...

MAJOR - - 1544.90 and must close below that price on Monday, December 16th to confirm a new main model sell signal...

As for now, the main model remains long gold...

The email SUGGESTION BOX is always open and invites your ideas for improving and enhancing your email service, I enjoy hearing from you, many thanks...

NOTICE: I SEND OUT AN EMAIL EVERY WEEKDAY EVENING, IF YOU DO NOT RECEIVE ONE, PLEASE LET ME KNOW, THANKS...