Well, I took august off as planned and decided to take september off as well. Nice to see this thread is still going strong.
I thought I would post a chart or 2 after not looking at the markets in awhile. I got the decline that I was looking for and I am awaiting for a massive buy signal that will launch the next leg for another multi-year rally. We got to the first support zone on the dailies that I was looking for as a major target. However, I am anticipating one more decline beginning next week.
If we can get down to 1350 area on the Dec contract then I will start looking for long signals. At this point the market is at a very critical area. It does have the structure to climb higher to new all time highs but if you zero down to the lower timeframes you will see lots of bearish structure. Any weakness will lead to a strong decline if it does not take out the resistance zones posted in the attached chart.
I have read some posts the past few days. Thanks for all the compliments and am glad that I have helped some traders. Of course everyone has to figure it out on their own because everyone is different. However, I definately believe that in order to speed up the learning curve you should always learn from someone who is already successful. I think this applies to everything in life.. not just trading.
I will probably be more active next month... keep up the good trading...