Unique SPX Anomaly To Watch

Tuesday April 24 an interesting and possibly very significant event occurred in the market around 11:15 a.m. EST. The SPX was trying to rally and then suddenly there were just no bids. No huge selling wave, just no bids. It hit an air pocket, and unlike most air pockets which attempt a comeback, this one did not. It figuratively laid there for a few minutes, and the rest of the day was a gradual erosion. The short cover rallies ended the same way, once those bids dried up, there was nothing but air underneath. This was behavior on an intraday basis I havent seen for a while, It reminded me of stories I had heard from the open outcry pits at the CME. The pits were usually a cacophony of noise, but when a market made a significant top or bottom, there would be a few seconds of dead silence, as the buyers had all bought. There were no bids. Then the first seller started the trend in the new direction. The level in the SPX that is now important is 4115.00. If that level is not breached on the upside I remain bearish. [No One Will Tell You This Key Factor In Spotting Trends But if you grab the free little black book, you can tap into the secret. Click here to download]( Two of our bearish picks, IWM and AARK have done well. The chart attached shows where we recommended these, and did recommend these more than once as they remained stuck at the levels for a while. Another short trade AAPL is marginally onside. I have a 170-160 put spread here at $4.90 and the close was 164. The 165 is my breakeven. Anything below 160 is a 100% return. For full disclosure I also have SPY put spread that will need a decline to 390 in the next month to be profitable. I certainly haven't written this one off even though it is underwater right now. To reiterate, keep an eye on 4115 SPX. If the market stays below there bears have control. Thanks, Joe See Related Articles on [TradeWinsDaily.com]( [Unique SPX Anomaly To Watch]( [Will The MACD Win Again?]( [Strong Buying Pressure for YUM]( [How to Trade the Potential for Wild Volatility]( [Locating Your Entry Points]( --------------------------------------------------------------- [TradeWins Logo]( © 2023 Tradewins Publishing. All rights reserved. | [Privacy Policy]( | [Terms and Conditions]( | [Contact Us]( Auto-trading, or any broker or advisor-directed type of trading, is not supported or endorsed by TradeWins. For additional information on auto-trading, you may visit the SEC's website: All About Auto-Trading, TradeWins does not recommend or refer subscribers to broker-dealers. You should perform your own due diligence with respect to satisfactory broker-dealers and whether to open a brokerage account. You should always consult with your own professional advisers regarding equities and options on equities trading. 1. The information provided by the newsletters, trading, training and educational products related to various markets (collectively referred to as the "Services") is not customized or personalized to any particular risk profile or tolerance. Nor is the information published by TradeWins Publishing ("TradeWins") a customized or personalized recommendation to buy, sell, hold, or invest in particular financial products. The Services are intended to supplement your own research and analysis. 2. TradeWins' Services are not a solicitation or offer to buy or sell any financial products, and the Services are not intended to provide money management advice or services. 3. Past performance is not necessarily indicative of future results. Trading and investing involve substantial risk. Trading on margin carries a high level of risk, and may not be suitable for all investors. Other than the refund policy detailed elsewhere, TradeWins does not make any guarantee or other promise as to any results that may be obtained from using the Services. No person subscribing for the Services ("Subscriber") should make any investment decision without first consulting his or her own personal financial adviser, broker or consultant. TradeWins disclaims any and all liability in the event anything contained in the Services proves to be inaccurate, incomplete or unreliable, or results in any investment or other loss by a Subscriber. 4. You should trade or invest only "risk capital" money you can afford to lose. Trading stocks and stock options involves high risk and you can lose the entire principal amount invested or more. 5. All investments carry risk and all trading decisions made by a person remain the responsibility of that person. There is no guarantee that systems, indicators, or trading signals will result in profits or that they will not produce losses. Subscribers should fully understand all risks associated with any kind of trading or investing before engaging in such activities. 6. Some profit examples are based on hypothetical or simulated trading. This means the trades are not actual trades and instead are hypothetical trades based on real market prices at the time the recommendation is disseminated. No actual money is invested, nor are any trades executed. Hypothetical or simulated performance is not necessarily indicative of future results. Hypothetical performance results have many inherent limitations, some of which are described below. Also, the hypothetical results do not include the costs of subscriptions, commissions, or other fees. Because the trades underlying these examples have not actually been executed, the results may understate or overstate the impact of certain market factors, such as lack of liquidity. Simulated trading services in general are also designed with the benefit of hindsight, which may not be relevant to actual trading. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. TradeWins makes no representations or warranties that any account will or is likely to achieve profits similar to those shown. 7. No representation is being made that you will achieve profits or the same results as any person providing testimonial. No representation is being made that any person providing a testimonial is likely to continue to experience profitable trading after the date on which the testimonial was provided, and in fact the person providing the testimonial may have experienced losses. 8. The author experiences are not typical. The author is an experienced investor and your results will vary depending on risk tolerance, amount of risk capital utilized, size of trading position and other factors. Certain Subscribers may modify the author methods, or modify or ignore the rules or risk parameters, and any such actions are taken entirely at the Subscriber's own election and for the Subscriber's own risk. You are currently subscribed to jdta as: {EMAIL}. Add joeduffy@tradewins.com to your email address book to ensure delivery. [Forward to a Friend]( | [Manage Subscription]( | [Subscribe]( | [Unsubscribe]( | [Snooze](