I’m seeing more failed breakouts now and reducing positions as they tell me to.

We’re into September and just had a nice quick run to finish August so weakness, which is typical in September, has to be something to look for.

I also want to announce my retirement from the newsletter business the end of September.

It’s been a fun ride but with so many much fancier and flashy choices to choose from today it’s just not worth my time.

I’ll still write the odd time when I see major things, but I’ll have no deadlines or a need to send out trades all the time, even if it’s not the right time, any longer.

Basically, it’s retirement but I’ll always trade and follow markets and write for pleasure.

More on that as the month progresses.

On that note though, please do follow me on twitter @iTraderz where I’ll be most active regarding life and trading.

A failed SPY breakout is typical as we move into September.

And this baby of a base will be a real humdinger if it is given 6 or so weeks to complete.

Fingers crossed but we may have a great end to 2017.

Enjoy your evening.