The Comeback: SPX 2140 & NASDAQ 5000

Amid a Global Sell off, traders are looking for reasons why. What ever the reason, it will long be forgotten and those that sold wished they'd have bought. Especially going into a Fed Meeting where they are highly likely not to acknowledge a rate increase and leave it more status quo.



Even the VIX is overdone on the Upside

Also one final technical indicator the NYSE Mclennan Oscillator is way oversold.

This all sets up for a low risk buy trade.