Signals & Trading Plan for Tuesday 7/16/19

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Here is an excerpt from our trading plan.

If you haven’t had a chance to read Sunday evening trading plan post, please read it before proceeding with this post.  It contains a lot of background explanation.

Surge6:  Minor dip likely Thursday
$SPX $NDX spent the day creeping upward, while $RUT continues its sideway pattern.  Not even a minor dip occured!  

However, $VIX $VXN are starting a pattern that indicates the beginning of a small rise coming up.  We may see $VIX rise up to 14, and $VXN up to 18 by Thursday.  Keep in mind though, with contango running at almost 19%, the most effect that this will have is a minor dip where $SPX $NDX $RUT will test these support levels below.
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The rest of this article covers:
Surge6:  Minor dip likely Thursday
Dip6 possible Monday 7/22  
Support & resistance levels
Trading Plan
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