There is not a lot to say about the index this week.  Last week we dropped hard and this week the reading is the same at 22.22%.  The equity risk index goes from 0-100% so a reading of 22% is pretty bad.  When it is climbing we start to look harder for bullish trades but when it is at these levels we tend to lean towards shorting rallies more then buying them.

Happy Trading,

The Macro Trader
Dave@TheMacroTrader.com

P.S.If you are interested in learning more about Macro Trading sign up for our FREE Macro Trading 101 course in the box below.

Bookmarks