Here is the I1 chart:
EWI posted the same wave count for DJI/SPX, that being the diagonal from July low forming a, August low b, and 5 up forming c. They call for a completed wave c, thus Minor 2 complete as well.
My approach to wave counting looks at I1 first, then arrays the possible counts to align them. Thus, assuming I1 is down, the count was for the rally from August low to be a c wave and stop at the prior high. XMI is doing so, but DJI and SPX are not, so at this point XMI count is my original. This gives me a very short stop for half of my ETFs. If XMI makes a new high past 1180 then I sell off a portion of the SDS. Simple.
The Daily Technical Composite at -10, a sell signal. With a declining I1 any value -8 or less gives me a reason for shorting.