9 Nov 2015 - Possible CIT

The signal is now out of OB, which is encouraging for bears but can we call this a CIT?  No, but what we need to see for tomorrow is for the intra-day charts to stay in bearish territory in order for further downside action to occur from the ST.  Prices in the SPX is now resting just above the 200 day MA, and a Gann Angle drawn on our daily chart.  These clusters of support needs to be broken in the following days for a more convincing short trade.

According to the ST though, is that the sentiment has changed short-term.

SEN: Bearish
ST: DOWN
PA: NA