No upward spike in the cards. Short DJ futures and hold 11% SDS. This is the 4th trading day since the I1 sell signal.
My main trend M/A is cash DJI 5-minute, 380-unit M/A (critical support). I am keying on this M/A less 1.35% as confirmation of trend down. This is currently 10,366. The 30-minute M/A less .5% on a 30-minute close for DJ futures is 10,423. The cash DJI equivalent is 10,455. Breaking the 30-minute M/A would erase the bullish psychology and pave the way for the break of critical support.