Key Algorithm Calculated S&P 500 Support Levels: 4360 (SMALL) / 4300 (SMALL) / 4300 (SMALL) / 4250 (MEDIUM) / 4240 (MEDIUM) / 4220 (LARGE) / 4200 (MEDIUM)
Key Algorithm Calculated S&P 500 Resistance Levels: 4380 (MEDIUM)
Assessment: The bearish divergences continue across the board and all indices, yet we have not paid the piper. Yesterday as many as 65% of stocks were in the red and the S&P was up on the day. So, I will continue in SDS in the expectation that bearish divergences don’t usually carry for that long until there is a break. I think the risk to reward ratio remains with SDS and I will hold.
I will be posting the following text in multiple places today. So, I apologize for the repetition. It’s another quiet sports day, so it’s a good opportunity for me to get my hands into this issue. Hopefully since there is no action going on you then have the time to read through all of this. First, I would strongly advise you to visit https://TheSharpPlays.com/updates/ if you have not done so already. The page provides all the details of what content will be affected by the updates taking place July 24th through August 5th. Also, the updates and software changes taking place will be the largest I have ever undertaken. So, as I sit here today, if everything goes well the only content affected will be…
- Paid content support will be email only. So, if you need something involving paid content… please email. I will have Twitter and Telegram notifications off, but will check those messages each evening along with any email set aside for me.
- TSP Live bonus content (TSP Live Radar, KB Consensus, etc.) will be offline. Normal reporting of Primary & Secondary Angle on Saturdays and Sundays will be unaffected.
- Unusual options activity and the FMA Radar in the Financial Market Analytics content will be offline and updated manually.
- Twitter content will be light.
As you can see, despite how large scale the updates will be in the background, and the fact the updates span almost two weeks, not a whole lot will change during this period. However, it is a large scale update and there could be MANY unforeseen complications once the crew starts working under the hood. So……………………
If something does happen, don’t panic and don’t worry. I will take care of the situation and make it right. So, if for example TSP Live crashed on Saturday and/or Sunday (July 24th and July 25th)… I would provide everyone with a credit, beyond the weekly retail rate of TSP Live for every active subscriber at that time to make up for it. So, TSP Live is priced $50 per week retail ($30 per week under the TSP Live July subscription). I will therefore provide a $75 credit if TSP Live crashes… as an example. God know what could happen, hopefully nothing, but if it does PLEASE stay calm and patient. I will touch base in the Telegram channels and on Twitter as soon as I am made aware of a major issue and able to post something. I will let you know the issue, the expected resolution and what I will be doing to make it right with everyone. Whatever happens, as I always do, I will make it right for everyone. So…. just please be patient if something comes up! Thank you very much for your understanding! Please let me know of any questions. I look forward to everything going smoothly.
Good luck in your trades!