The Week Ahead

I expect next week, at least early on, we'll continue to see a bounce. The USD/JPY has had some movement due to other currencies (namely the $USD), but only on a very short term basis. I believe the longer trend signals will hold through early next week giving us a chance to enter longs like VXX/UVXY at a discount, sell some of the counter trend bounce positions like VXX puts and NFLX calls and enter trend/swing trades in core positions, NFLX, AAPL, Biotechs , Transports, and other core positions we have built positions in.

For now, we'll take it as it comes, I can give you an idea of what Monday's early action will look like once seeing the closing charts, but I believe beyond the opening action, the bounce still has gas in the tank.

Make no mistake though, this market is BADLY damaged, I'd think by mid next week we'll be turning to the downside and making a lower low which should eventually take out the October kiows and completely change the primary trend classification.

More to follow, but that's the gist. THIS IS ALL BASED ON CHART SIGNALS, NOT MY OPINION.