I was apprehensive in calling an acceleration yesterday, but cautioned to watch for downside acceleration, and we got that today. Down 35.26 pts. for the SPX. Since we are in OS condition, I expect Acceleration to be in effect, so shorts should have been held into end of day or overnight.
MT: DOWN
ST: DOWN
PA: DOWN
Everything in SYNC and looking good for more downside bias.
Note: I have labelled a possible iv - wave move up, but it does not necessarily have to happen. This is just a theory that if the count is right that the move up would be expected. But due to the nature of the indicators, the ST will be in a downward trend for a few days at the least and the intra-day is in OS territory for a few hours. So, please watch the intra-day signals to exit OS if you are a day trader before you exit your short position. If you are a swing trader then wait till the ST confirms the up-trend before exiting short position.
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