2/24 pre-open

Stock futures finished 9 waves down to mark their first 5 with an extended 3rd.

Cash indexes completed 5 down yesterday.

Fib retracements SP futures .38 = 1312.40  .50 = 1318.21

Yesterday DJI broke critical support by a wide margin when it traded under 12,135.

For the first time in months I've got a clear short-sale for bigger stakes.  12,210 looks like a good target but I'll be looking at the structure as it rallies.

I'm in Albuquerque but I'll be posting all morning.

I'm holding 4% TLT with no target.