The SP 30-minute M/A is best broken by a 30-minute close .5% beyond it. This morning's decline fell to 1109, but there was no 30-minute close at or below 1110.30. So we are still mired in 3-waves while the momentum turns. This can be frustrating but it is part of the process when there is a strong trend intact on an I1 turn date. Basel just added reflation fire.