7/21 pre-open

Today is an I1 top day.  Although the downmove lasts for only 6 trading sessions through 7/29 I intend to trade on the short side starting late this afternoon on the chance that a waterfall decline develops.  It appears that we got a shallow B wave overnight.  A C wave today will finish off the rally from early yesterday.
I1 is up today so I am standing aside until this is done.  My target is close, 1090 SP futures.  A short-term trend change by my robot will trigger the short-sale.  I'll post when this happens, but the trend change will be at least 2.5 points under the peak tick.

The outer envelope of the 5-minute, 380-unit M/A is 10,300.  Beyond that and I have to look at a trend change to the upside.