I jumped the gun here the other day when I touted a ‘mechanical’ buy signal at the (p2) red line in this vehicle and a couple of others. We’ll play it by-the-book from now on, initiating ‘mechanical’ trades only at the green line. Why did I shift tactics in the first place? Simply because I’d lost sight of the possibility that the S&Ps might correct like they meant it for once in a rare change. The ‘mechanical’ trade itself, you will recall, is geared toward exploiting particularly nasty corrections, and that is why we typically bottom-fish at the green line rather than the red one. Considering this is the S&Ps and not bitcoin, the two-levels pullback could signal that the bull market is weakening. In any event, we’ll need more evidence before we can infer that with confidence.______ UPDATE (Sep 18, 6:05 p.m.): Numerous subscribers reported taking the trade flagged in the chart (see inset). As I noted in the chat room, traders should have taken off half at p=2900.63 and another 25% at p2=2918.44. If you still hold a position do as you please, but I’d suggest keeping the 2936.25 rally target in mind. Here’s an updated chart that shows the  rally. (Note: 2940.25 is the equivalent target for the December contract.)