4/22 10:30

Stock market is burrowing into critical support.  Break point is 10,950, 80 points away.
I still hope that the market makes a minor new high before the 4/29 sell signal.  Plus side, I1 up into 4/29 and Momentum.  Downside, the atmospheric forecast mentioned last week.  Volcano corrupting atmosphere and dampening enthusiasm even more.  It is hard for this market to rally now.  We are seeing the best news we are going to get but so far the top is in.  If the market breaks support before 4/29 it will signify a major move because I1 will not have been able to hold it up. For the first time in 30 years I am looking at a small options position in addition to the short ETFs.  Premiums are low now and SPY June options are building in 30 points premium.   By the 29th that could fall to 25.  In the upcoming move we will see multiple 25-point down days.  I will be swinging for the fences during declining I1 from here through 11/15.  Will go long into the projected 8/15 rally top if the market collapses into July 2.
Not much more to say, said it all for weeks.  Just watching and waiting.