SPX Today

Sorry for the lack of posts. I have had some duties with a sick child. Anyway, the volume these last several days has continued to be horrendous. Yesterday it picked up a tiny bit (still nothing to write home about or even really notice) and it did so with breadth to the downside. My TICK indicator and the AD Cum line rolled too as did the McClellan Osc. One may think that is a pretty good shift and should start to play for some downside. I am not so sure. Futures are up pretty good this a.m. which would make a nice open sale for a gap fill and maybe total failure.... but this is option ex week, and look at the 15 min chart. Whenever the ADX drops below 15 I start drawing lines. One can often get a decent move out of these consolidations. I think there is a good possibility this thing just powers higher in a squeeze as the short stock gets covered into Friday. A KISS strategy would be just to play the lines I have drawn on the 15 minute chart. Be long above and short below.

On another note, the money flow numbers continue to deteriorate. I am looking for downside soon, and maybe it does come today. This market is way stretched... but it would be a perfect bear ream to go higher... and maybe sharply higher.