'mission statement' - monday, page-8

15 min spx cfd. That green engulfing candle was the raction to China PMI. First it went down, then bounced and left that candle. There's one on the 30 min and reversal on the 1 hr but it doesn't engulf. There's a lack of follow through so far so that give me a bit of comfort but the sooner the session low is taken out the better. It might keep going up, of course I don't know, but next is to pay close attention to the 50 blue and how price reacts to it on this time frame. If the sellers are ready for a crack, a few will show up there.