Weekly Recap 10-12-2014 – Welcome to the Jungle

keep-calm-and-welcome-to-the-jungle-48Welcome to the jungle
Watch it bring you to your
knees, knees
I wanna watch you bleed

Welcome to the jungle
We take it day by day
If you want it you’re gonna bleed

The weekly trend line that started on the first week of 2013 has broken this week signalling in my opinion a change in trend. The last couple of times this happened it was a minor correction that mainly moved sideways so if third time is a charm it will stop around the 180 on SPY but chances are we are heading into a larger correction that will see SPY decline to 160  or if things get worse to 140 before turning back up again.

The good news are the system is making money even in down trends and if past performance is an indication will continue to do so. The system is currently neutral and waiting for a bounce or reversal to issue a signal. I will as usual try and update on twitter or on this site as soon as I can.

2014-10-12- Weekly

For FREE updates in real time follow me on Twitter

To comment or post your own signals join me on Facebook 

Join Us on FaceBookFollow For FREE