The VC PMI identified the average price for September as $1502.

With the market trading above the average price at $1529.40 as of the close on Friday, it appears that we are entering this month with a bullish trend momentum.

This target for the month above the average price is $1592 (Sell 1 or S1 level) and the Sell 2 (S2) level is at $1655.

If the market moves in the other direction, the Buy 1 (B1) level is at $1439 and the Buy 2 (B2) level is $1349 for the month of September.

I do much more than just articles at Mean Reversion Trading: Members get access to model portfolios, regular updates, a chat room, and more.Get started today »