25 Mar 2015 - In Agreement

Both SPX and ES are now in agreement.  Both are trending bearishly and the intra-day signals are in OS.  This has caused the acceleration to the downside if you are new to the blog, but for the rest of the readers, this was expected or anticipated.  Looking at the high made on Feb 23rd and the current draw down, it does look impulsive.  It looks much more impulsive than the move made in late Feb. to Mid Mar.  At least to me it does.  So the EW sentiment here is it's in a C-wave or 3rd wave lower.  As long as our high holds these counts are valid. 

The ST has also shifted to a down trend.  This was also triggered by the OS condition staying for a prolonged period of time in the intra-day charts.  So to note, accelerations and ST CIT is a high probability event in OS elongation period.  Sounds about right... LOL.

Price also for the SPX is currently sitting on the 75 day MA.  Next level to watch is the 2040 to 2010 where the lower BB line sits and below that the 200 day MA.

Since we are in an intra-day OS.  We should at least try to bounce up, so if anyone would like to hold their short position, they can hold it due to the ST sentiment being on the downside or exit on an intra-day exit of its OS range.  You would have to however initiate your short if the signal in the intra-day charts crosses back down.  So now you have 2 options on how to trade your position for tomorrow.

MT: UP
ST: DOWN
PA: DOWN