The tone has changed.

I went long and my account was up, supporting my scenario, but I sold out at up 2.83% on the account and went into cash today at the end of the day. Just want to get a new perspective and be ready to go with the money flow rather then the story. Focus on the price action. We are still in a range. Big move is coming.

Bears will have their chance at the market tomorrow but the fact that the market continues to hold firm into the Fed must be recognized.

Going into Fed week !

We have unconfirmed patterns, head and shoulders, bear flag and possibly a channel, be on guard and make preserving your capital job #1. Focus on price action, I think this is going to be a pivotal week for the market. Big move is coming.

FYI

weekly time frame

100% in cash now.

I am taking a week off of trading and going to do some volunteer work. It's good for the soul.

Remember, it is very important to stay flexible in one's thinking and open to any new market technical developments.

See you here Sunday, September 18th when we'll take a look at the market and make a plan for the week ahead.