Riddle Me This

Look at any recent chart such as the S&P500 Mini Futures Contract , Nasdaq, or DJIA. and you will see the same sort of action. Increased intra-day and daily volatility. No wonder the Riddler has made a special appearance in the jungle. This type of 'tug of war' action sometimes indicates a reversal in trend...sometimes. Other times it is just another form of consolidation that precedes continuation of the longer trend. Which one is it? The Riddler, or Captain Question Mark as I like to call him, reminds us that we really don't know. Captain Goldman Sacks might know but he is not taking any calls...at least from any retail trading jungle dwellers.

The CMI 2.0 is staying stubbornly bullish...or maybe it was just faked out. Touche, Mr. Market.
If next week proves to be a continuation of Friday's meltdown, it won't be pretty in the CMI win/loss column. If on the other hand, we continue sideways or upward, the CMI will be looking like a champ in the face of adversity.

Either way, I won't be second guessing. Is it time to send the Bat signal? If you think so, see below...