4/7 pre-open

Looks like the top is in and futures did not need a minor new high to complete the structure.  Futures 30-min M/A needs decline to 1176.50 to confirm.

I1 peak Monday, stock market peaked Tuesday.  I am in short 7.5% and will increase as moving averages are violated to the downside.  Final support break of 10,800 will put the stock market in free-fall.  I will be 25-30% short at that point.  Traders are all looking upward at this point.  Using I1 prepares my expectations so that I know when to sell rallies.  If June futures break 1176.50 I will look for a rally to increase my short exposure to 15%.  I can expect a rally at SPX cash chart support 1180.