9/9 Addendum

The Daily Technical Composite has retreated to +8, almost neutralizing the buy signal.  It needs to hit +6 to get technicals neutral.  I1 peak is tomorrow, let's see if one more day does it.

Next, the wave count.  While I agree that the cash count is more important than the futures count, the cash charts cannot be used in isolation.  The issue bringing up this point is the high registered in SP, DJ and NQ futures last Sunday evening which exceeded the Micro 3rd wave in an unqualified way to complete Micro 5, Sub-Minuette 5, and Minuette c. 

By the time the cash markets opened the futures had retreated to the Micro 3 and cash charts posted what I label a 5th wave failure.