By several indicators, it now seems that the markets have transitioned into a new downtrend. In addition, I am seeing very few good looking long set ups and a lot of spoiled ones. I am aware that there may be a resolution to the "debt ceiling" issue and which may cause the markets to rip higher. But until then you just have to trade what you see and I see a day or two more of down side! With that in mind, here are my ideas for tomorrow:
Good luck and good trading!