R.C. Market Report 09.18

• Market Trend: Down

• Today did NOT mark the bottom in the market. However, the developments that are now underway are significant and will become of importance in the near future. At current price levels, risk/reward ratio favors downside. But unlike the past couple of weeks, future downside has become limited. Therefore, the effect of the strength today has established a trading range of approx. 1130 to 1215 on S&P 500. It certainly seems like Price has done its job and now Time will need to catch up.