Asian stocks are getting trounced again, making it far more difficult for DaBoyz to manipulate U.S. markets in the way they’d like. The E-mini S&Ps have been down the equivalent of 300 Dow points thus far, but it’s not clear whether sellers are sufficiently winded to set up the obligatory short squeeze ahead of Tuesday’s opening. I wouldn’t presume to tell you how to trade so volatile a market by-the-numbers, but if the selloff continues, levels p, p2 and D in the accompanying chart should be used to benchmark the move. As always, the decisive penetration of one would telegraph more downside to the next. There are three possible ‘mechanical’ shorts along the way, but I am recommending this tactic only for subscribers who need no further instruction. Click here for a free two-week trial subscription to Rick’s Picks that will give you access not only to daily trading ‘touts’, bulletins, updates and impromptu trading sessions, as well as to a 24/7 chat room that draws veteran traders from around the world.

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 -- Published: Tuesday, 1 September 2015 | E-Mail  | Print  | Source: GoldSeek.com

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